Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10014226604
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings. We find that, with high market concentration and sufficiently convex demand, there is no scope for cross-ownership to improve welfare regardless of spillover levels. Otherwise,...
Persistent link: https://www.econbiz.de/10011482905
Persistent link: https://www.econbiz.de/10011522081
Persistent link: https://www.econbiz.de/10012155911
Persistent link: https://www.econbiz.de/10012581727
We develop a tractable general equilibrium framework in which firms are large and have market power, with respect to both products and labor, and in which a firm's decisions are affected by its ownership structure. We characterize the Cournot--Walras equilibrium of an economy where each firm...
Persistent link: https://www.econbiz.de/10012846245
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012945054
Persistent link: https://www.econbiz.de/10012384574
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968051
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968865