1. Department of Economics, University of California, Santa Barbara, CA 93106-9210, USA 2. Department of Economics, University of California, Santa Barbara, CA 93106-9210, USA 3. Guanghua School of Management, Peking University, Beijing 100871, China
A network approach is proposed to analyze the formation of cross-holdings and anti-competitive implications. Our approach is motivated by the bilateral arrangement 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 implications of endogenous cross-holdings in Cournot oligopoly found in the literature.
. [J]. Frontiers of Economics in China, 2017, 12(3): 465-479.
Cheng-Zhong Qin, Dandan Zhu, Shengping Zhang. A Model of Endogenous Cross-Holdings in Oligopoly. Front. Econ. China, 2017, 12(3): 465-479.
