Scholarlink

<p>In this paper, we revisit the classical question of how partial passive cross-ownership (PPCO) influences competition in network industries. Contrary to conventional wisdom, our findings reveal that PPCO benefits firms only when ownership shares are of limited size, and in some cases, it may reduce profitability. These unconventional results are more likely to hold with higher network externality intensity and lower product compatibility. The work characterises the conditions on the model’s parameters and provides empirical and policy implications.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Endogenous partial cross-ownership in network industries

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2025年11月9日

查看全文
  • Domenico Buccella,
  • Luciano Fanti,
  • Luca Gori

摘要

In this paper, we revisit the classical question of how partial passive cross-ownership (PPCO) influences competition in network industries. Contrary to conventional wisdom, our findings reveal that PPCO benefits firms only when ownership shares are of limited size, and in some cases, it may reduce profitability. These unconventional results are more likely to hold with higher network externality intensity and lower product compatibility. The work characterises the conditions on the model’s parameters and provides empirical and policy implications.