研討日期	2023年4月10日12:40~ 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	Can partial horizontal ownership lessen competition more than a monopoly?
作者 Authors of the paper	Duarte Brito, Ricardo Ribeiro, Helder Vasconcelos
文獻出處 Journal, vol.(issue), pp	Economics Letters Volume 176, March 2019, Pages 90-95
主講人	曹古駒助理教授
參加人員	黃鴻、王光正、彭正浩、施姵全、張瑞雲、許至乙、蘇家叡、Suttiwan Suwannajoi、楊雅棠、朱宣宥、王靖雯
摘要 Abstract of the paper	In this paper we investigate the anti-competitive effects of partial horizontal ownership in a setting where: (i) two cost-asymmetric firms compete à la Cournot; (ii) managers deal with eventual conflicting interests of the different shareholders by maximizing a weighted sum of the two firms’ operating profits; and (iii) weights result from the corporate control structure of the firm they run. Within this theoretical structure, we find that if the manager of the more efficient firm weights the operating profit of the (inefficient) rival more than its own profit, then partial ownership will lessen competition more than a monopoly when both firms produce.