Knowledge transfer and partial equity ownership.
An alliance often involves one firm acquiring an equity stake in its alliance partner. 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. PEO can increase the alliance partners' profita...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 48; no. 4; pp. 1044 - 1068 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Winter2017
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=126201441&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 126201441 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Winter2017 vid: 48 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 126201441 10.1111/1756-2171.12213 ppf: 1044 ppct: 24 formats: fmt: @attributes: type: P size: 285KB tig: atl: Knowledge transfer and partial equity ownership. aug: au: Ghosh, Arghya Morita, Hodaka affil: University of New South Wales su: Profit Knowledge transfer Equity stake Strategic alliances (Business) Research & development sug: subj: Profit Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology) Research and Development in Biotechnology Knowledge transfer Equity stake Strategic alliances (Business) Research & development ab: An alliance often involves one firm acquiring an equity stake in its alliance partner. 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. PEO can increase the alliance partners' profitability by inducing knowledge transfer, but the PEO itself reduces their joint profit because it induces other firms to take more aggressive actions. This trade-off endogenously determines the level of PEO, which can benefit consumers and/or improve welfare. Given the growing antitrust interest in PEO, we explore the antitrust implications of our analysis. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|