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Conference Proceedings (2003), 20th International Meeting of French Finance Association (AFFI), Association Française de Finance (AFFI)

Real Market Concentration through Partial Acquisitions

CHARLETY-LEPERS Patricia , FAGART M.C., SOUAM S.

This article examines the consequences for the production strategies of firms in an oligopolistic industry of silent and controlling stakes in rivals. We show that, even when they are non-controlling, stake always lead to a decrease in aggregate welfare.

CHARLETY-LEPERS, P., FAGART, M.C. and SOUAM, S. (2003). Real Market Concentration through Partial Acquisitions. In: 20th International Meeting of French Finance Association (AFFI). Association Française de Finance (AFFI).