Publication Date:
2018-02-01
Description:
We study the incentive to acquire a partial stake in a vertically related firm and then foreclose rivals. We show that whether such partial acquisitions are profitable depends crucially on the initial ownership structure of the target firm and on corporate governance. (JEL D21, D43, G34, L13, L22)
Print ISSN:
1945-7669
Electronic ISSN:
1945-7685
Topics:
Economics