下游交叉持股与上游研发：评论 *

IF 1.7 4区经济学 Q3 BUSINESS, FINANCE

Journal of Industrial Economics Pub Date : 2024-03-27 DOI:10.1111/joie.12391

Yake Jin, Arijit Mukherjee, Chenhang Zeng

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引用次数: 0

摘要

Hu 等人[Journal of Industrial Economics，70(3)，pp.775-789]认为，如果上游部门的投资技术效率很低，根据社会福利标准，下游交叉持股是允许的。然而，该论文的结论依赖于文献中并不常见的下游生产者剩余的定义。在使用了较为常见的下游生产者剩余的定义后，本文证明了下游交叉持股对消费者剩余和社会福利都有不利影响，强调了在 Hu 等人[Journal of Industrial Economics, 70(3), pp.775-789]类型的经济中对下游交叉持股进行有效监管的必要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Downstream Cross-Holdings and Upstream R&D: A Comment*

According to Hu et al. [Journal of Industrial Economics, 70(3), pp. 775–789], downstream cross-holdings are permissible based on the social welfare standard if the investment technology in the upstream sector is highly inefficient. However, the conclusion of that paper relies on a definition of downstream producer surplus that is not so commonly found in the literature. After using a more commonly found definition of downstream producer surplus, this note demonstrates that downstream cross-holdings have detrimental impacts on both consumer surplus and social welfare, emphasizing the need for efficient and effective regulations on downstream cross-holdings in Hu et al. [Journal of Industrial Economics, 70(3), pp. 775–789] type economy.

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来源期刊

Journal of Industrial Economics Multiple-

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： First published in 1952, the Journal of Industrial Economics has a wide international circulation and is recognised as a leading journal in the field. It was founded to promote the analysis of modern industry, particularly the behaviour of firms and the functioning of markets. Contributions are welcomed in all areas of industrial economics including: - organization of industry - applied oligopoly theory - product differentiation and technical change - theory of the firm and internal organization - regulation - monopoly - merger and technology policy Necessarily, these subjects will often draw on adjacent areas such as international economics, labour economics and law.