Passive partial ownership, sneaky takeovers, and merger control

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 125
Issue: 1
Pages: 32-35

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We analyze the impact of passive partial ownership (PPO) on horizontal mergers. We show that antitrust authorities ignoring the effects of previous PPO acquisitions invite sneaky takeovers: a PPO is strategically used prior to a full takeover to get a merger approved which is in fact detrimental to consumers.

Technical Details

RePEc Handle
repec:eee:ecolet:v:125:y:2014:i:1:p:32-35
Journal Field
General
Author Count
2
Added to Database
2026-01-25