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Recent years have witnessed an increased interest, by competition agencies, in assessing the competitive effects of partial acquisitions. We propose an empirical structural methodology, which can deal with settings involving all types of owners and ownership rights, to quantify the coordinated...
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In this paper we investigate the anti-competitive effects of partial horizontal ownership in a setting where: (i) two cost-asymmetric firms compete à la Cournot; (ii) managers deal with eventual conflicting interests of the different shareholders by maximizing a weighted sum of firms' operating...
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market is home to a single firm, but can import, at a cost, from the foreign firm. Under some circumstances, a perfect cartel …
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. We show that a social planner would further restrict trade than the perfect cartel would, and how the socially optimal …
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