文献类型：期刊文献

英文题名：Vertical differentiation with overlapping ownership?

作者：Li, Youping[1,2];Zhang, Jianhu[3];Zhou, Zipeng[4]

机构：[1]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China;[2]East China Univ Sci & Technol, Oliver Hart Res Ctr Contracts & Governance, 130 Meilong Rd, Shanghai 200237, Peoples R China;[3]Shandong Univ, Sch Econ, 27 Shanda South Rd, Jinan 250100, Shandong, Peoples R China;[4]CICC Global Inst, 1 Jianguomenwai, Beijing 100004, Peoples R China

年份：2023

卷号：222

外文期刊名：ECONOMICS LETTERS

收录：;WOS:【SSCI(收录号:WOS:000904993900011)】；

基金：The authors acknowledge financial support from the Ministry of Education of China (22YJC790064) , the National Natural Science Foundation of China (71973082, 72192842) , and CICC. The usual disclaimer applies.

语种：英文

外文关键词：Overlapping ownership; Product innovation; Vertical differentiation; Welfare

摘要：Existing studies on the competitive effects of overlapping ownership usually take the products sold by the firms as given. This paper focuses on the firms' incentive for product innovation in a vertically differentiated market. We find that overlapping ownership, while reducing the low-quality firm's incentive to improve product quality, can raise the high-quality firm's. The degree of vertical differentiation is higher, but consumer and social welfare may increase compared with the case of independent ownership.(c) 2022 Elsevier B.V. All rights reserved.