We characterize the effect of overlapping ownership (OO) on investments in product innovation. We analyze two opposing … investments; (2) OO softens competition in the product market, enhancing investments. These forces also determine potential shifts … competition-softening effect, by stimulating investments, can induce OO to raise total welfare. We also study how an incumbent …

We investigate the incentives of a high-quality firm to transfer for free its proprietary product innovation technology … these conditions are more stringent under Bertrand than under Cournot competition. Finally, we show that the technology …