Downstream cross-holdings and upstream R&D: A comment
(2024)
Journal Article
Jin, Y., Mukherjee, A., & Zeng, C. (in press). Downstream cross-holdings and upstream R&D: A comment. Journal of Industrial Economics,
According to Hu et al. [2022], downstream cross-holdings are permissible based on the social welfare standard if the investment technology in the upstream sector is highly inefficient. However, the conclusion of that paper relies on a definition of d... Read More about Downstream cross-holdings and upstream R&D: A comment.