Performance enhancement of AlGaN/AlN/GaN high electron mobility transistors by thermally evaporated SiO passivation
所属单位:
山东大学经济学院
发表刊物:
International Review of Economics and Finance
关键字:
Partial acquisition; Public firm; Salop circular market; Control threshold
摘要:
This paper examines partial acquisition in the face of an outside public firm. We show that when the acquiring firm is domestic, partial acquisition takes place for any institutional threshold for pricing control. Yet, when the acquiring firm is foreign, partial acquisition can be forestalled by a sufficiently high threshold requirement. This threshold can increase domestic welfare and global welfare by stopping an inefficient partial acquisition. Moreover, this mixed market structure can generate greater global welfare than one with an outside private firm.