Quantifying the competitive effects of production joint ventures

摘要: Abstract A joint venture among competitors to produce output alters the parents' competitive incentives. Any involves both financial interest and control over production levels of entity parent firms. The incentives parents rival firms depend on exact arrangements made. This paper analyzes a number alternative within standard non-cooperative oligopoly model devises Modified Herfindahl-Hirshman Index ( MHHI ) quantify their relative Independent entry by single full merger may be viewed as particular arrangements. use this methodology for policy analysis proposed ventures is illustrated with facts recent GM-Toyota venture.