Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download On The Competitive Effects Of Vertical Integration Under Product Differentiation full books in PDF, epub, and Kindle. Read online On The Competitive Effects Of Vertical Integration Under Product Differentiation ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Joel Sandonís
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (433 download)
Download or read book On the Competitive Effects of Vertical Integration Under Product Differentiation written by Joel Sandonís and published by . This book was released on 2003 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Simon Loertscher
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Market Structure and the Competitive Effects of Vertical Integration written by Simon Loertscher and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Yongmin Chen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book On Vertical Mergers and Their Competitive Effects written by Yongmin Chen and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Noriaki Matsushima
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Vertical Mergers and Product Differentiation written by Noriaki Matsushima and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Martin Kent Perry
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.F/5 ( download)
Download or read book Product Differentiation and Vertical Integration written by Martin Kent Perry and published by . This book was released on 1983 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competitive Effects of Vertical Integration written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sanford J. Grossman
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.F/5 ( download)
Download or read book The Costs and Benefits of Ownership written by Sanford J. Grossman and published by . This book was released on 1984 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stefan Georg Hunger
Publisher : GRIN Verlag
ISBN 13 : 363842345X
Total Pages : 19 pages
Book Rating : 4.6/5 (384 download)
Download or read book Vertical Integration and R&D Information Flow written by Stefan Georg Hunger and published by GRIN Verlag. This book was released on 2005-10-03 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Business economics - Industrial Management, grade: Sehr Gut, University of Vienna (Fakultät für Wirtschaftswissenschaften), course: Industrial Management, language: English, abstract: In explaining the reasons for the large number of mergers among multinational companies as well as small specialized businesses in recent years, the realization of potential synergies among the merging firms has often been pointed out. Synergy is a ‘Holy Grail’ of business strategy; many seek it but few actually succeed and most attempts at developing synergies meet at a non desirable fate. A global survey of A.T. Kearney (1998) concluded that after three years of a transaction the profitability of the integrated firm decreases by 10 % on average and 50 % of alliances in the USA fail within four years. Nevertheless, it is particularly claimed that a vertical integration will enable the supplier to adapt his technology in a much higher degree to the needs of his customer than when he is separately owned . A world-wide study of Arthur Andersen elaborated on the factors which firms look upon when striving for merging with another company.
Author : Jérôme Pouyet
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (135 download)
Download or read book The Competitive Effects of Vertical Integration in Platform Markets written by Jérôme Pouyet and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze vertical integration between platforms providing operating systems to manufacturers of devices when there are indirect network effects between buyers of devices and developers of applications. Vertical integration creates market power over developers, and over non-integrated manufacturers but only under certain circumstances. That market power enables to coordinate pricing decisions across both sides of the market, which leads to a better internalization of network effects. Vertical integration does not systematically lead to foreclosure and can benefit all parties, even in the absence of efficiency gains. Its competitive impact depends on the strength and the structure of indirect network effects.
Author : Arijit Mukherjee
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (93 download)
Download or read book Vertical Integration and Product Differentiation written by Arijit Mukherjee and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Bork
Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author : C. Wu
Publisher : Elsevier
ISBN 13 : 1483296164
Total Pages : 244 pages
Book Rating : 4.4/5 (832 download)
Download or read book Strategic Aspects of Oligopolistic Vertical Integration written by C. Wu and published by Elsevier. This book was released on 2017-12-28 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises. Many studies on vertical integration are based on business experiences and interviews with managers. However, the extensive application of game theory in business economics allows this study on vertical integration to be based on sound theoretic ground. Moreover, the significance of public enterprises in some Western European economies and the trends of economic transition in Eastern Europe justify the efforts to analyse vertical integration issues in the mixed market, which is created by the participation of a public firm into an industry otherwise characterised as a successive oligopoly.
Author : Catherine de Fontenay
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Vertical Integration in the Presence of Upstream Competition written by Catherine de Fontenay and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse vertical integration when there is upstream competition and compare outcomes to the case where upstream assets are owned by a single agent (i.e., upstream monopoly). In so doing, we make two contributions to the modelling of strategic vertical integration. First, we base industry structure - namely, the ownership of assets - firmly within the property rights approach to firm boundaries. Second, we model the potential multilateral negotiations using a fully specified non-cooperative bargaining model designed to easily compare outcomes achieved under upstream competition and monopoly. Given this, we demonstrate that vertical integration can alter the joint payoffs of integrating parties in ex post bargaining; however, this bargaining effect is stronger for firms integrating under upstream competition than upstream monopoly. We also consider the potential for integration to internalise competitive externalities in manner that cannot be achieved under non-integration. We demonstrate that ex post monopolization is more likely to occur when there is an upstream monopoly than when there is upstream competition. Our general conclusion is that the simple intuition that the presence of upstream competition can mitigate and reduce the incentives for socially undesirable vertical integration is misplaced and, depending upon the strength of downstream competition (i.e., product differentiation), the opposite could easily be the case.
Author : Kyonghwa Jeong
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.3/5 (129 download)
Download or read book Two Essays on Product Bundling and One Essay on Vertical Integration written by Kyonghwa Jeong and published by . This book was released on 2006 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nuwan Indika Millagaha Gedara
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book Essays on Vertical Integration, Vertical Contracts, and Competitive Effects written by Nuwan Indika Millagaha Gedara and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of two essays on vertical integrations that occurred in the U.S. Carbonated Soft Drink (CSD) industry, i.e., PepsiCo and Coca-Cola acquired their biggest bottlers. In 2010, the Federal Trade Commission (FTC) raised concern that Coca-Cola and PepsiCo's acquisition of bottlers may have anticompetitive effects in the CSD industry. This dissertation analyses the recent structural changes in the CSD industry to investigate competition by modeling the vertical structure of the upstream (e.g., manufacturers) and downstream (e.g., bottlers) level. The first essay empirically investigates how vertical integration impacts prices in the presence of common agency: a downstream firm may also produce and distribute an upstream rival's products. We use the structural econometric models of demand and supply to analyze the recent structural changes in the CSD industry. Our results suggest that for products with eliminated double margins (Coca-Cola and PepsiCo), decreased prices. However, with regards to rival products (Dr Pepper Snapple Group), prices decreased for 12 oz 6 packs, and prices increased for 20 oz bottles. Specifically, the results show that vertical integration resulted in not only an anticompetitive effect but also a procompetitive effect. These mixed findings are consistent with the theoretical concern of pricing behavior in the presence of common agency and suggest caution when evaluating vertical integration in the CSD industry. The second essay analyzes the nature of competition by modeling the vertical contracts (linear and non-linear) between manufacturers and bottlers before and after the vertical integration. Our empirical findings suggest that during the respective pre-integration periods, Coca-Cola and PepsiCo each use nonlinear pricing contracts to supply their intermediate soft drink products to bottlers, with imposing retail price maintenance (RPM) under zero bottler margins. RPM is the practice whereby manufacturers make a contract with bottlers, that the bottlers will sell the manufacturer's product at certain prices. However, the post-integration period, upstream manufacturers that directly own downstream bottlers eliminated the double marginalization, whereas all other upstream manufacturers in the market actively compete in wholesale prices with rival manufacturers, leaving zero markups to their corresponding bottlers. Finally, we do not find evidence that manufacturers use different pricing contracts with bottlers for different product sizes (12 oz 6 pack and 20 oz bottles) during the pre-integration and post-integration periods.
Author : International Economic Association
Publisher : MIT Press
ISBN 13 : 9780262690935
Total Pages : 588 pages
Book Rating : 4.6/5 (99 download)
Download or read book New Developments in the Analysis of Market Structure written by International Economic Association and published by MIT Press. This book was released on 1986 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies. They focus on the nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry; other factors which determine the effective degree of competition in the market; the influence of major firms (especially when these pursue objectives other than profit maximization); and decentralization and coordination under control relationships other than markets and hierarchies.ContributorsJoseph E. Stiglitz, G. C. Archibald, B. C. Eaton, R. G. Lipsey, David Enaoua, Paul Geroski, Alexis Jacquemin, Richard J. Gilbert, Reinhard Selten, Oliver E. Williamson, Jerry R. Green, G. Frank Mathewson, R. A. Winter, C. d'Aspremont, J. Jaskold Gabszewicz, Steven Salop, Branko Horvat, Z. Roman, W. J. Baumol, J. C. Panzar, R. D. Willig, Richard Schmalensee, Richard Nelson, Michael Scence, and Partha Dasgupta
Author :
Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.:/5 (3 download)
Download or read book Industrial Organization ... written by and published by . This book was released on 1914 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
