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CentrePiece Article
Trade Liberalisation and the Market for Corporate Control
Holger Breinlich
December 2006
Paper No' CEPCP215:
Full Paper (pdf)

CentrePiece 11 (3) Winter 2006

We know that freer trade between countries usually increases efficiency by reallocating resources from less productive plants to more productive plants. Holger Breinlich finds that it can also have a significant impact on mergers and acquisitions activity - which has important implications for competition policy.

This article summarises 'Trade Liberalisation and Industrial Restructuring through Mergers and Acquisitions' by Holger Breinlich, CEP Discussion Paper No. 717