研討日期	2022年12月12日上午12:40~ 13:350
研討地點	國立臺灣大學社會科學院710會議室
主講題目 Title of the paper	Cross ownership and divestment incentives
作者 Authors of the paper	Rune Stenbacka, Geert Van Moer
文獻出處 Journal, vol.(issue), pp	Economics Letters Volume 201, April 2021, 109748 https://doi.org/10.1016/j.econlet.2021.109748
主講人	彭正浩教授
參加人員	黃鴻、林燕淑、彭正浩、梁文榮、張瑞雲、許至乙、蘇家叡、Suttiwan Suwannajoi、Damiana Simanjuntak、Manuel-Milan Ramsler、Bui Dang Long、Noya Yukari Siregar
摘要 Abstract of the paper	Even though cross ownership raises industry profits, we demonstrate that it is prone to a commitment problem. Specifically, we show that producers in a Cournot duopoly have unilateral incentives to resell their minority share-holdings in the rival to outside investors, leading to an equilibrium with complete divestments. This feature challenges the stability of cross ownership configurations.