<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1870-6622</journal-id>
<journal-title><![CDATA[EconoQuantum]]></journal-title>
<abbrev-journal-title><![CDATA[EconoQuantum]]></abbrev-journal-title>
<issn>1870-6622</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1870-66222018000100073</article-id>
<article-id pub-id-type="doi">10.18381/eq.v15i1.7113</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Inversión extranjera directa y fusiones domésticas en presencia de productos diferenciados: Un análisis de bienestar social y política pública]]></article-title>
<article-title xml:lang="en"><![CDATA[Foreign direct investment and domestic mergers in the presence of differentiated products: An analysis of social welfare and public policy]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[González Olivares]]></surname>
<given-names><![CDATA[Daniel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Espinosa Ramírez]]></surname>
<given-names><![CDATA[Rafael Salvador]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Guadalajara  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Guadalajara  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<volume>15</volume>
<numero>1</numero>
<fpage>73</fpage>
<lpage>98</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1870-66222018000100073&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1870-66222018000100073&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1870-66222018000100073&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En este trabajo analizamos el efecto de las fusiones en el bienestar de un país receptor (doméstico) de inversión extranjera directa. Utilizando un modelo de equilibrio parcial con competencia imperfecta, empresas domésticas y empresas foráneas compiten produciendo bienes diferenciados. El gobierno en el país doméstico establece subsidios discriminatorios entre las empresas domésticas y foráneas. Como primer resultado el subsidio óptimo impuesto a las empresas foráneas es negativo afectando el excedente del consumir y del productor, así como el ingreso/gasto impositivo. Cuando las empresas domésticas se fusionan para obtener una ventaja competitiva con respecto a las empresas foráneas, el resultado sobre el bienestar es ambiguo. Cuando este es negativo el gobierno establece incentivos en forma de subsidio a las empresas foráneas. Finalmente, cuando la diferenciación de los bienes es mayor el bienestar del país doméstico mejora, en este sentido las preferencias de los consumidores son relevantes.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: In this paper we analyze the effects of mergers on welfare of a host foreign direct investment country. Using a partial equilibrium model with imperfect competition, domestic and foreign firms compete among them producing differentiated goods. The domestic government sets discriminatory subsidies between domestic and foreign firms. As a first result, the optimal subsidy applied to foreign firms is negative affecting the consumer and producer surplus, as well as the revenue/expense policy. When domestic firms merge as a response to foreign competition, in order to obtain competitive advantage, the effect on welfare is ambiguous. In the case of a negative impact of merger, the government subsidizes foreign firms. Finally, with a higher level of differentiation the domestic welfare increases, in his sense the consumers preferences are relevant.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Inversión extranjera directa]]></kwd>
<kwd lng="es"><![CDATA[fusiones horizontales]]></kwd>
<kwd lng="es"><![CDATA[sustitutos imperfectos]]></kwd>
<kwd lng="es"><![CDATA[bienes diferenciados]]></kwd>
<kwd lng="es"><![CDATA[competencia imperfecta]]></kwd>
<kwd lng="es"><![CDATA[G34]]></kwd>
<kwd lng="es"><![CDATA[H21]]></kwd>
<kwd lng="es"><![CDATA[D61]]></kwd>
<kwd lng="en"><![CDATA[Foreign direct investment]]></kwd>
<kwd lng="en"><![CDATA[horizontal mergers]]></kwd>
<kwd lng="en"><![CDATA[imperfect substitutes]]></kwd>
<kwd lng="en"><![CDATA[differentiated goods]]></kwd>
<kwd lng="en"><![CDATA[imperfect competition]]></kwd>
<kwd lng="en"><![CDATA[G34]]></kwd>
<kwd lng="en"><![CDATA[H21]]></kwd>
<kwd lng="en"><![CDATA[D61]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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