Non-Controlling Minority Shareholdings and Collusion

被引：0

作者：

Samuel de Haas

Johannes Paha

机构：

[1] Justus-Liebig-University,Chair for Industrial Organization, Regulation and Antitrust

[2] Stellenbosch University,undefined

[3] Potsdam University,undefined

来源：

Review of Industrial Organization | 2021年 / 58卷

关键词：

Collusion; Common ownership; Cross ownership; Minority shareholdings;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This article merges theoretical literature on non-controlling minority shareholdings (NCMS) in a coherent model to study the effects of NCMS on competition and collusion. The model encompasses both the case of a common owner holding shares of rival firms as well as the case of cross ownership among rivals. We find that by softening competition, NCMS weaken the sustainability of collusion under a greater variety of situations than was indicated by earlier literature. Such effects exist, in particular, in the presence of an effective competition authority.

引用

页码：431 / 454

页数：23

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