Incentive and welfare implications of cross-holdings in oligopoly

Competitive implications of cross-holdings have been extensively analyzed in the literature. Incentives for engaging cross-holdings and welfare effects were however rarely studied. Although a similar logic as with the merger paradox holds for Cournot oligopolies with homogeneous products and symmetr...

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Bibliographic Details
Published in:	Economic theory Vol. 77; no. 4; pp. 975 - 997
Main Authors:	Ma, Hongkun, Qin, Cheng-Zhong, Zeng, Chenhang
Format:	Journal Article
Language:	English
Published:	Berlin/Heidelberg Springer Berlin Heidelberg 01.06.2024 Springer Springer Nature B.V
Subjects:	Acquisitions & mergers Competition Computer industry Computer software industry Differentiation Economic theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Game Theory Incentives Microeconomics Oligopolies Oligopoly Preferred stock Product differentiation Profits Public Finance Research Article Robustness Social and Behav. Sciences Social sciences Social welfare United States China Joint profits D43 Cross-holding Cournot equilibrium Submodularity Oligopoly L13
ISSN:	0938-2259, 1432-0479
Online Access:	Get full text
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