Cross ownership and merger under technology adoption

Arijit Mukherjee

Indian Growth and Development Review, 2024, vol. 17, issue 2, 224-231

Abstract: Purpose - This paper aims to consider the effects of a merger on technology adoption and welfare in the presence of passive cross ownership. Merger increases investments in process technology and may increase welfare. The results are important for antitrust policies and suggest that the antitrust authorities may not need to be too concerned about mergers in industries with cross ownership. Design/methodology/approach - Game-theoretic analysis. Findings - Merger increases investments in process technology and may increase welfare. Originality/value - To the best of the author’s knowledge, this study is original.

Keywords: Technology adoption; Merger; Cross ownership; D43; G34; L00; O30 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:igdrpp:igdr-10-2023-0162

DOI: 10.1108/IGDR-10-2023-0162

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