Endogenous choice of minority shareholdings: Effects on product market competition

Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes _rms' choice of NC...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 12-2019)
Main Author: de Haas, Samuel
Format: Article
Language:English
Published: Philipps-Universität Marburg 2019
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Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics