Overlapping ownership, pass-through, and product differentiation
研究了在伯特兰寡头市场中,重叠所有权对价格的影响如何取决于需求、成本条件和产品差异化程度,通过扩展Weyl和Fabinger的传导参数方法进行分析。
Overlapping ownership can lead firms to raise prices, but what determines the magnitude of this effect? I study how the price effect of overlapping ownership depends on demand and cost conditions and the degree of product differentiation in a Bertrand oligopoly. I do so by extending Weyl and Fabinger’s (2013) conduct parameter approach, which highlights the importance of pass-through.