Silent financial interests and product innovation

Anna Bayona, Ángel L. López

Research output: Indexed journal article Articlepeer-review

22 Citations (Scopus)


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 languageEnglish
Pages (from-to)109-112
Number of pages4
JournalEconomics Letters
Publication statusPublished - Sept 2018
Externally publishedYes


  • Minority shareholdings
  • Partial ownership
  • Price competition
  • R&D investments
  • Welfare


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