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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/54962
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Karle, Heiko | | en_US |
| dc.contributor.author | | Klein, Tobias J. | | en_US |
| dc.contributor.author | | Stahl, Konrad O. | | en_US |
| dc.date.accessioned | | 2012-01-26 | | en_US |
| dc.date.accessioned | | 2012-01-31T14:13:51Z | | - |
| dc.date.available | | 2012-01-31T14:13:51Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/54962 | | - |
| dc.description.abstract | | We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry profits are maximized within a symmetric two product monopoly, the investor attains this only in exceptional cases. Instead, she sometimes acquires a noncontrolling stake. Or she invests asymmetrically rather than pursuing a full takeover if she acquires a controlling one. Generally, she invests indirectly if she only wants to affect the product market outcome, and directly if acquiring shares is profitable per se. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | en_US |
| dc.relation.ispartofseries | | ZEW Discussion Papers 11-071 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.jel | | L41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | differentiated products | | en_US |
| dc.subject.keyword | | separation of ownership and control | | en_US |
| dc.subject.keyword | | private benefits of control | | en_US |
| dc.subject.stw | | Investition | | en_US |
| dc.subject.stw | | Produktdifferenzierung | | en_US |
| dc.subject.stw | | Corporate Governance | | en_US |
| dc.subject.stw | | Unvollkommener Markt | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Ownership and control in a competitive industry | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 684253399 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:zewdip:11071 | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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