On the Competitive Effects of Vertical Integration Under Product Differentiation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook On the Competitive Effects of Vertical Integration Under Product Differentiation write by Joel Sandonís. This book was released on 2003. On the Competitive Effects of Vertical Integration Under Product Differentiation available in PDF, EPUB and Kindle.
Market Structure and the Competitive Effects of Vertical Integration
Market Structure and the Competitive Effects of Vertical Integration - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Market Structure and the Competitive Effects of Vertical Integration write by Simon Loertscher. This book was released on 2014. Market Structure and the Competitive Effects of Vertical Integration available in PDF, EPUB and Kindle. We analyze the competitive effects of backward vertical integration when firms exert market power upstream and compete à la Cournot downstream. Contrasting with previous literature, a small degree of vertical integration is always procompetitive because efficiency gains dominate foreclosure effects, and vertical integration even to full foreclosure can be procompetitive. Surprisingly, vertical integration is more likely to be procompetitive if the industry is otherwise more concentrated. Extensions analyze incentives to integrate and differentiated Bertrand competition downstream. Our analysis suggests that antitrust authorities should be wary of vertical integration when the integrating firm faces many competitors and should be permissive otherwise.
On Vertical Mergers and Their Competitive Effects
On Vertical Mergers and Their Competitive Effects - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook On Vertical Mergers and Their Competitive Effects write by Yongmin Chen. This book was released on 2002. On Vertical Mergers and Their Competitive Effects available in PDF, EPUB and Kindle. It is well known that vertical integration can change the pricing incentive of an upstream producer. However, it has not been noticed that vertical integration may also change the pricing incentive of a downstream producer and the incentive of a competitor in choosing input suppliers. I develop an equilibrium theory of vertical merger that incorporates these additional strategic considerations. Under fairly general conditions, a vertical merger will result in both efficiency gains and a collusive effect. The competitive effects of a vertical merger depend on the cost of switching suppliers and the degree of downstream product differentiation.
Vertical Mergers and Product Differentiation
Vertical Mergers and Product Differentiation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vertical Mergers and Product Differentiation write by Noriaki Matsushima. This book was released on 2009. Vertical Mergers and Product Differentiation available in PDF, EPUB and Kindle. This paper presents an equilibrium theory of vertical mergers that incorporates strategic behaviors in the Hotelling-type location model. This enables one to consider the relationship between downstream firms' strategies for product differentiation and vertical integration. I show that vertical integration enhances the degree of product differentiation of the integrated firm. Under some conditions, partial integration arises in equilibrium, which may increase the profit of the nonintegrated downstream firm. The paper also discusses the welfare implications of vertical integration.
Product Differentiation and Vertical Integration
Product Differentiation and Vertical Integration - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Product Differentiation and Vertical Integration write by Martin Kent Perry. This book was released on 1983. Product Differentiation and Vertical Integration available in PDF, EPUB and Kindle.
