A Model of Endogenous Cross-Holdings in Oligopoly  

作　　者：Cheng-Zhong Qin Shengping Zhang Dandan Zhu 

机构地区：[1]Department of Economics, University of California, Santa Barbara, CA 93106-9210, USA [2]Guanghua School of Management, Peking University, Beijing 100871, China

出　　处：《Frontiers of Economics in China-Selected Publications from Chinese Universities》2017年第3期465-479,共15页中国高等学校学术文摘·经济学（英文版）

摘　　要：A network approach is proposed to analyze the formation of cross-holdings and anti-competitive implications. Our approach is motivated by the bilateral ar- rangement of passive ownership between Microsoft and Apple in 1997. We provide a complete characterization of pairwise stable cross-holdings for a model of Cournot oligopoly with a homogeneous product. Our results strengthen the competitive impli- cations of endogenous cross-holdings in Cournot oligopoly found in the literature.A network approach is proposed to analyze the formation of cross-holdings and anti-competitive implications. Our approach is motivated by the bilateral ar- rangement of passive ownership between Microsoft and Apple in 1997. We provide a complete characterization of pairwise stable cross-holdings for a model of Cournot oligopoly with a homogeneous product. Our results strengthen the competitive impli- cations of endogenous cross-holdings in Cournot oligopoly found in the literature.

关 键 词：cross-holding Cournot equilibrium OLIGOPOLY pairwise stability 

分 类 号：Q64[生物学—生物物理学] U292.3[交通运输工程—交通运输规划与管理]