In the context of a vertically differentiated duopoly model with endogenous quality choice, we analyzes the welfare … ownership structure is such that the lower-quality firm acquires a positive share of the higher-quality firm's profit, an … increase in overlapping ownership reduces the lower-quality firm's incentive to compete against its rival, leading to a higher …

cases, Cournot equilibrium output is below equilibrium output without this constraint because the constraint makes demand … losses in a class of utility functions. We offer a formula to find the percentage of welfare losses due to oligopoly in this …