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- W3122068678 abstract "Abstract 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." @default.
- W3122068678 created "2021-02-01" @default.
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- W3122068678 date "2017-11-13" @default.
- W3122068678 modified "2023-10-16" @default.
- W3122068678 title "Knowledge transfer and partial equity ownership" @default.
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- W3122068678 doi "https://doi.org/10.1111/1756-2171.12213" @default.
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