产业经济系学术报告:Buffer Joint Ventures


时间:1219 10:00-11:30


地点:商学院武东路校区114


演讲者:Zhiqi Chen, Professor, Carleton University


摘要:While strategic alliances and joint ventures have become important organizational forms promising a variety of efficiency benefits for the economy, a body of research has been building showing that alliances between competitors can have significant anticompetitive consequences.


This paper explores a particular kind of arrangement, here called a “buffer joint venture”, in which parent firms create an entity selling products located between their own locations in product or geographic space. Depending upon the governance structure of the joint venture and the timing of price-setting by the joint venture and its parents, the buffer joint venture may reduce competition between the parents leading to higher prices and profits and lower social welfare. The presence of such a joint venture can also affect the incentives for, and the effects of, collusion by the parents.