Vertical differentiation with overlapping ownership?

被引：4
|
作者：
Li, Youping [1 ,2 ]
Zhang, Jianhu [3 ]
Zhou, Zipeng [4 ]
机构：
[1] East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China
[2] East China Univ Sci & Technol, Oliver Hart Res Ctr Contracts & Governance, 130 Meilong Rd, Shanghai 200237, Peoples R China
[3] Shandong Univ, Sch Econ, 27 Shanda South Rd, Jinan 250100, Shandong, Peoples R China
[4] CICC Global Inst, 1 Jianguomenwai, Beijing 100004, Peoples R China
来源：
ECONOMICS LETTERS | 2023年 / 222卷
基金：
中国国家自然科学基金;
关键词：
Overlapping ownership; Product innovation; Vertical differentiation; Welfare; CROSS-OWNERSHIP; COMPETITION;
D O I：
10.1016/j.econlet.2022.110947
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Existing studies on the competitive effects of overlapping ownership usually take the products sold by the firms as given. This paper focuses on the firms' incentive for product innovation in a vertically differentiated market. We find that overlapping ownership, while reducing the low-quality firm's incentive to improve product quality, can raise the high-quality firm's. The degree of vertical differentiation is higher, but consumer and social welfare may increase compared with the case of independent ownership.(c) 2022 Elsevier B.V. All rights reserved.
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页数：4
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