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Cross-ownership on R&D and social welfare in mixed oligopoly

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  • Mingqing Xing
  • Leonard F.S. Wang
  • Chan Zhou

Abstract

We analyze the effects of cross-ownership between private firms (i.e. private cross-ownership) on R&D and social welfare in a mixed oligopoly in which a partially privatized public firm competes with two private firms. The main findings are that: (i) private cross-ownership induces the public firms’ R&D, despite it reduces the private firm’s R&D; (ii) private cross-ownership leads to a decrease (an increase) in industry profits if the degree of privatization is low (high); and (iii) private cross-ownership improves (decreases) consumer surplus and social welfare if the degree of privatization is low (high).

Suggested Citation

  • Mingqing Xing & Leonard F.S. Wang & Chan Zhou, 2024. "Cross-ownership on R&D and social welfare in mixed oligopoly," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 33(2), pages 206-217, February.
    • Handle: RePEc:taf:ecinnt:v:33:y:2024:i:2:p:206-217
    DOI: 10.1080/10438599.2022.2163480
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