Silent financial interests and product innovation

Anna Bayona; Ángel L. López

doi:10.1016/j.econlet.2018.06.007

Silent financial interests and product innovation

Anna Bayona, Ángel L. López

Research output: Indexed journal article › Article › peer-review

16 Citations (Scopus)

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.

Original language	English
Pages (from-to)	109-112
Number of pages	4
Journal	Economics Letters
Volume	170
DOIs	https://doi.org/10.1016/j.econlet.2018.06.007
Publication status	Published - Sept 2018
Externally published	Yes

Keywords

Minority shareholdings
Partial ownership
Price competition
R&D investments
Welfare

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2018.06.007

Cite this

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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 = "Anna 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.",

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language = "English",

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AU - Bayona, Anna

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

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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

Abstract

Keywords

UN SDGs

Access to Document

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