A Model of Endogenous Cross-Holdings in Oligopoly

IF 1.5 4区经济学 Q2 ECONOMICS

Frontiers of Economics in China Pub Date : 2017-09-19 DOI:10.3868/S060-006-017-0020-6

C. Qin, Dandan Zhu, Shengping Zhang

引用次数: 8

Abstract

A network approach is proposed to analyze the formation of cross-holdings and anti-competitive implications. Our approach is motivated by the bilateral arrangement of passive ownership between Microsoft and Apple in 1997. We provide a complete characterization of pairwise stable cross-holdings for a model of Cournot oligopoly with a homogeneous product. Our results strengthen the competitive implications of endogenous cross-holdings in Cournot oligopoly found in the literature.

查看原文本刊更多论文

寡头垄断中的内生交叉持股模型

本文提出了一种网络方法来分析交叉持股的形成及其反竞争影响。我们的做法是受微软和苹果在1997年达成的双边被动所有权协议的启发。我们提供了具有同质产品的古诺寡头垄断模型的成对稳定交叉持股的完整表征。我们的研究结果加强了文献中发现的古诺寡头垄断中内生交叉持股的竞争含义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Frontiers of Economics in China ECONOMICS-

CiteScore

1.20

自引率

0.00%

发文量

373

期刊介绍： Frontiers of Economics in China seeks to provide a forum for a broad blend of peer-reviewed academic papers of economics in order to promote communication and exchanges between economists in China and abroad. It will reflect the enormous advances that are currently being made in China in the field of economy and society. In addition, this journal also bears the mission of introducing the academic achievements on Chinese economics research to the world.