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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发表在:	MAGKS - Joint Discussion Paper Series in Economics (Band 12-2019)
主要作者:	de Haas, Samuel
格式:	文件
语言:	英语
出版:	2019
主题:	Merger Con- trol Minority Shareholdings Wirtschaft Collusion Coordinated Effects Unilateral Effects Economics
在线阅读:	PDF-Volltext
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