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1. Silent financial interests and product innovation

Author

Bayona, Anna, López, Ángel L., Bayona, Anna, and López, Ángel L.

Abstract

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.

Published
2018

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