| TÍTULO/RESP.: | | AUTOR(ES): | BRITO, Duarte; CABRAL, Luís, co-autor; VASCONCELOS, Helder, 1972-, co-autor | PUBLICAÇÃO: | [s.l.: s.n.], 2010 | NOTAS: | "Owning a share of a competitor's stock lessens the degree of oligopoly
competition. In this paper, we explore this theme by considering dif-
ferent forms of ownership (voting and non-voting shares) as well as
different divestiture options. Among other results, we show that turn-
ing voting shares into non-voting shares increases consumer surplus;
and selling the voting shares to a large shareholder is better than sell-
ing it to small shareholders. Perhaps more surprisingly, we provide
conditions such that a partial sale of voting shares is worse than turn-
ing those shares into non-voting shares and ever worse than not doing
anything." | TEMA: | Economia | ASSUNTOS: | Economia; Política-Económica; Política-Comercial; Competitividade | CDU: | 33 | DATA PUB.: | 2010 | TipoReg: | Multimédia | LÍNGUA: | ENG |
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