Conference Proceedings
Year
2003
Abstract
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. et SOUAM, S. (2003). Real Market Concentration through Partial Acquisitions. Dans: 20th International Meeting of French Finance Association (AFFI). Association Française de Finance (AFFI).