Purpose

This paper aims to consider the effects of a merger on technology adoption and welfare in the presence of passive cross ownership. Merger increases investments in process technology and may increase welfare. The results are important for antitrust policies and suggest that the antitrust authorities may not need to be too concerned about mergers in industries with cross ownership.

Design/methodology/approach

Game-theoretic analysis.

Findings

Merger increases investments in process technology and may increase welfare.

Originality/value

To the best of the author’s knowledge, this study is original.

中文翻译：

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技术采用下的交叉所有权和合并

目的

本文旨在考虑在被动交叉所有权的情况下合并对技术采用和福利的影响。合并增加了对工艺技术的投资，并可能增加福利。研究结果对反垄断政策很重要，表明反垄断当局可能不需要太担心交叉所有权行业的合并。

设计/方法论/途径

博弈论分析。

发现

合并增加了对工艺技术的投资，并可能增加福利。

原创性/价值

据作者所知，这项研究是原创的。