1 论文标题：

A Model of Endogenous Cross-Holdings in Oligopoly

2 作者信息：

Cheng-Zhong Qin

Department of Economics, University of California

Shengping Zhang

Guanghua School of Management, Peking University

Dandan Zhu

Department of Economics, University of California

3 出处：
Cheng-Zhong Qin, Dandan Zhu, Shengping Zhang. A Model of Endogenous Cross-Holdings in Oligopoly[J]. Front. Econ. China, 2017, 12(3): 465-479.

链接：

URL:

http://journal.hep.com.cn/fec/EN/10.3868/s060-006-017-0020-6 http://journal.hep.com.cn/fec/EN/Y2017/V12/I3/465

4 摘要：

寡头垄断市场里的一个内生性交叉持股模型

秦承忠

加利福尼亚大学经济系

张圣平

北京大学光华管理学院

Dandan Zhu

加利福尼亚大学经济系

摘要：本文提出用网络方法来分析交叉持股的形成及其反竞争影响。我们的研究灵感来自于微软公司和苹果公司1997年达成的双边被动持有方案。我们完整描述了生产同质产品的古诺寡头垄断模型下成对、稳定的交叉持股现象，结果印证了文献中提出的古诺垄断模型中内生交叉持股对竞争的影响。

A Model of Endogenous Cross-Holdings in Oligopoly

Cheng-Zhong Qin

Department of Economics, University of California

Shengping Zhang

Guanghua School of Management, PekingUniversity

Dandan Zhu

Department of Economics, University of California

Abstract: A network approach is proposed to analyze the formation of cross-holdings and anti-competitive implications. Our approach is motivated by the bilateral arrangement of passive ownership between Microsoft and Apple in 1997. We provide a complete characterization of pairwise stable cross-holdings for a model of Cournot oligopoly with a homogeneous product. Our results strengthen the competitive implications of endogenous cross-holdings in Cournot oligopoly found in the literature.