Volvo-Scania: Mergers and Competition Policy
Business mergers tend to have fairly dicey odds of success. Failure rates are generally reported to be roughly 50%; poor culture fit or difficulties aligning systems to create inefficiencies tend to stand out as culprits. But a closer look at the economics of mergers reveals that the motivations of corporations, among them increasing market power, can be in direct conflict with the rules … [ Read more ]
Content: Case Study | Authors: Daniel Traça, Philip Krinks, Vanessa Strauss-Kahn | Source: INSEAD | Subject: Legal | Industry: Automotive | Company: Volvo-Scania
Globalization and Wage Premia: Reconciliating Facts and Theory
Since the 1980s, wage inequality has increased in many OECD (Organization for Economic Cooperation and Development) countries, with a shift in demand towards skilled labor. Most economists do not attribute this change to international trade, but Professor Vanessa Strauss-Kahn argues that it’s important to examine the problem from a different angle. Here, she analyzes the effect of globalization on inequality and develops a general equilibrium … [ Read more ]
Content: Article | Author: Vanessa Strauss-Kahn | Source: INSEAD Knowledge | Subjects: Economics, International