Silent financial interests and product innovation

A. Bayona; Ángel L. López

doi:10.1016/j.econlet.2018.06.007

Silent financial interests and product innovation

A. Bayona, Ángel L. López

Producció científica: Article en revista indexada › Article › Avaluat per experts

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Resum

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.

Idioma original	Anglès
Pàgines (de-a)	109-112
Nombre de pàgines	4
Revista	Economics Letters
Volum	170
DOIs	https://doi.org/10.1016/j.econlet.2018.06.007
Estat de la publicació	Publicada - de set. 2018
Publicat externament	Sí

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title = "Silent financial interests and product innovation",

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.",

keywords = "Minority shareholdings, Partial ownership, Price competition, R&D investments, Welfare",

author = "A. Bayona and L{\'o}pez, {{\'A}ngel L.}",

note = "Funding Information: Financial support from the Spanish Ministry of Economy and Competitiveness under ECO2015-63711-P, and from AGAUR under SGR 1301, is gratefully acknowledged. Publisher Copyright: {\textcopyright} 2018 Elsevier B.V.",

year = "2018",

month = sep,

doi = "10.1016/j.econlet.2018.06.007",

language = "English",

volume = "170",

pages = "109--112",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

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TY - JOUR

T1 - Silent financial interests and product innovation

AU - Bayona, A.

AU - López, Ángel L.

N1 - Funding Information: Financial support from the Spanish Ministry of Economy and Competitiveness under ECO2015-63711-P, and from AGAUR under SGR 1301, is gratefully acknowledged. Publisher Copyright: © 2018 Elsevier B.V.

PY - 2018/9

Y1 - 2018/9

N2 - 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.

AB - 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.

KW - Minority shareholdings

KW - Partial ownership

KW - Price competition

KW - R&D investments

KW - Welfare

UR - http://www.scopus.com/inward/record.url?scp=85048843084&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2018.06.007

DO - 10.1016/j.econlet.2018.06.007

M3 - Article

AN - SCOPUS:85048843084

SN - 0165-1765

VL - 170

SP - 109

EP - 112

JO - Economics Letters

JF - Economics Letters

ER -

Silent financial interests and product innovation

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SDG de les Nacions Unides

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