Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7348766 | Economics Letters | 2018 | 4 Pages |
Abstract
We study quality-enhancing R&D, price competition, and welfare in markets with asymmetric passive partial ownership (PPO) holdings. The asymmetries in PPOs generate a positive re-allocation effect which, in some cases, can increase consumer and total surplus in markets with no spillovers.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Anna Bayona, Ángel L. López,