研討日期	2020年11月23日上午10:20~ 12:30
研討地點	國立臺灣大學710討論室
主講題目 Title of the paper	Knowledge transfer and partial equity ownership
作者 Authors of the paper	Arghya Ghosh and Hodaka Morita
文獻出處 Journal, vol.(issue), pp	RAND Journal of Economics Vol. 48, No. 4, Winter 2017 pp. 1044-1067
主講人	周冰瑤
參加人員	王光正、林燕淑、施姵全、梁文榮、彭正浩、黃鴻、高國峯、丁虹仁、許雅媚、洪珮瑜、劉洋、林虢楙、陳彥勳、Damiana Simanjuntak、呂文智、Dang-Long Bui、蔡文鋒、許至乙
摘要 Abstract of the paper	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