研討日期

202492312:20-13:50

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

Overlapping ownership and input prices

作者

Authors of the paper

Teis Lunde Lømo

文獻出處

Journal, vol.(issue), pp

International Journal of Industrial Organization

Volume 94, May 2024, 103067

https://doi.org/10.1016/j.ijindorg.2024.103067

主講人

吳世傑

參加人員

吳世傑、黃鴻、林燕淑、王光正、施全、許至乙、高國峯、彭正浩鍾暳陵、Bui Dang LongAyu Sasni MunteMicah MainalaAnggoro PrihandokoBastien Latourr、洪睿翔

摘要

Abstract of the Paper

This paper studies the effect of overlapping ownership in a setting where firms must contract with an input supplier before competing in the product market. Horizontal ownership among the competing firms can here affect the input prices set by the supplier. I derive conditions for when overlapping ownership raises, reduces, or has no effect on input prices. The key factor is how demand curvature varies with total output. When overlapping ownership reduces input prices, the cost reduction is in turn passed on to consumers. This indirect effect offsets – and can even outweigh – the direct negative effect of overlapping ownership on product market competition.