We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … profitable beyond that participation ratio. This result may be called a cross-ownership paradox, analogous to the merger paradox … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

-border deals was market players’ response. Measuring of post-merger performance alterations is a central question of M&A literature …