纵向关联市场中共同所有权的福利后果 *

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-12-27 DOI:10.1111/joie.12380

Linfeng Chen, Toshihiro Matsumura, Chenhang Zeng

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引用次数: 0

摘要

我们研究了共同所有权如何影响纵向关联市场的福利。虽然共同所有权可以缓解双重边缘化问题并改善福利，但它会限制下游企业之间的竞争，损害福利。我们发现，共同所有权是否能改善福利取决于下游市场的竞争程度。当下游企业数量较少、产品差异化程度较高时，共同所有权更有可能改善福利。换句话说，当下游市场竞争较弱时，共同所有权可能会改善福利。

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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Welfare Consequence of Common Ownership in a Vertically Related Market*

We investigate how common ownership affects welfare in a vertically related market. Although common ownership mitigates the double marginalization problem and improves welfare, it restricts competition among downstream firms and harms welfare. We find that whether common ownership is welfare-improving depends on the degree of competitiveness in the downstream market. Common ownership is more likely to improve welfare when there are fewer downstream firms and a greater degree of product differentiation. In other words, common ownership may improve welfare when competition in the downstream market is weak.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.