Fondazione GRINS
Growing Resilient,
Inclusive and Sustainable
Galleria Ugo Bassi 1, 40121, Bologna, IT
C.F/P.IVA 91451720378
Finanziato dal Piano Nazionale di Ripresa e Resilienza (PNRR), Missione 4 (Infrastruttura e ricerca), Componente 2 (Dalla Ricerca all’Impresa), Investimento 1.3 (Partnership Estese), Tematica 9 (Sostenibilità economica e finanziaria di sistemi e territori).
Open Access
GRINS THEMATIC AREAS
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We characterize the firm-level welfare effects of a small change in ownership overlap, and how it depends on the position in the production network. The effect is heterogeneous depending on the position in the production network. In a horizontal economy, the firm for which a small change in ownership overlap is larger is the firm with larger markup. Instead, if there are vertical inter-firm relationships, the effect depends on the network position, and tends to be higher upstream. If a planner can affect ownership over-lap with some adjustment costs, the optimal intervention is proportional to the Bonacich centrality of each firm in the weighted network quantifying interfirm price-mediated externalities.
AKNOWLEDGEMENTS
This study was funded by the European Union - NextGenerationEU, in the framework of the GRINS - Growing Resilient, INclusive and Sustainable project (GRINS PE00000018). The views and opinions expressed are solely those of the authors and do not necessarily reflect those of the European Union, nor can the European Union be held responsible for them.
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