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Knowledge Transfer and Partial Equity Ownership

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  • Arghya Ghosh

    ()
    (School of Economics, The University of New South Wales)

  • Hodaka Morita

    ()
    (School of Economics, The University of New South Wales)

Abstract

When firms form an alliance, it often involves one firm acquiring an equity stake in its alliance partner. Such an alliance weakens competition, but induces knowledge transfer between partner firms. We explore oligopoly models that capture the link between knowledge transfer and partial equity ownership (PEO), where alliance partners can choose the level of PEO to connect themselves. PEO, merger and independence are all nested in our model, where PEO can arise in equilibrium and the endogenously determined level of PEO can benefit consumers and/or society. We identify conditions under which antitrust authorities would prohibit, partially permit, or permit PEO.

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File URL: http://research.economics.unsw.edu.au/RePEc/papers/2012-18.pdf
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Bibliographic Info

Paper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2012-18.

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Length: 49 pages
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:swe:wpaper:2012-18

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Related research

Keywords: Antitrust; knowledge transfer; oligopoly; partial equity ownership; strategic alliances; welfare.;

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  1. Kabiraj, Tarun & Marjit, Sugata, 1993. "International technology transfer under potential threat of entry : A Cournot-Nash framework," Journal of Development Economics, Elsevier, vol. 42(1), pages 75-88, October.
  2. Salant, Stephen W & Switzer, Sheldon & Reynolds, Robert J, 1983. "Losses from Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium," The Quarterly Journal of Economics, MIT Press, vol. 98(2), pages 185-99, May.
  3. Joseph Farrell & Carl Shapiro, 1990. "Asset Ownership and Market Structure in Oligopoly," RAND Journal of Economics, The RAND Corporation, vol. 21(2), pages 275-292, Summer.
  4. repec:rje:randje:v:37:y:2006:1:p:81-99 is not listed on IDEAS
  5. Malueg, D.A., 1990. "Collusive Behavior And Partial Ownership Of Rivals," Papers 90-9, U.S. Department of Justice - Antitrust Division.
  6. Anthony Creane & Hideo Konishi, 2009. "Goldilocks and the Licensing Firm: Choosing a Partner when Rivals are Heterogeneous," Boston College Working Papers in Economics 720, Boston College Department of Economics.
  7. Hiroshi Ono & Takuya Nakazato & Colin Davis & Wilson Alley, 2004. "Partial ownership arrangements in the Japanese automobile industry; 1990-2000," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 355-367, November.
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