Silent financial interests and product innovation
Anna Bayona and
Ángel L. López
Economics Letters, 2018, vol. 170, issue C, 109-112
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.
Keywords: Partial ownership; Minority shareholdings; R&D investments; Price competition; Welfare (search for similar items in EconPapers)
JEL-codes: D43 L11 L40 G24 G34 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:109-112
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