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The Impact Of Market Structure On Vertical Integration
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Book Synopsis The Impact of Market Structure on Vertical Integration by : Mathias Erlei
Download or read book The Impact of Market Structure on Vertical Integration written by Mathias Erlei and published by . This book was released on 1994 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Structure and the Competitive Effects of Vertical Integration by : Simon Loertscher
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.
Book Synopsis Strategic Aspects of Oligopolistic Vertical Integration by : C. Wu
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.
Book Synopsis The Effects of Diversification and Vertical Integration on Firm Performance by : Suresh S. Prabhu
Download or read book The Effects of Diversification and Vertical Integration on Firm Performance written by Suresh S. Prabhu and published by . This book was released on 1989 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Structure and Industrial Performance by : Claudio R. Frischtak
Download or read book Market Structure and Industrial Performance written by Claudio R. Frischtak and published by Taylor & Francis. This book was released on 1994 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertical Integration by Grocery Retailers by : Russell C. Parker
Download or read book Vertical Integration by Grocery Retailers written by Russell C. Parker and published by . This book was released on 1962 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Markets for Technology by : Ashish Arora
Download or read book Markets for Technology written by Ashish Arora and published by MIT Press. This book was released on 2004-01-30 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities. Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results.
Book Synopsis New Developments in the Analysis of Market Structure by : International Economic Association
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
Book Synopsis How Do Market Structures Affect Decisions on Vertical Integration/separation by : Noriaki Matsushima
Download or read book How Do Market Structures Affect Decisions on Vertical Integration/separation written by Noriaki Matsushima and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a simple model to investigate decisions on vertical integration/separation. The key feature of this model is that more than one input is required for the final products of the local downstream monopolists. Depending on their cost structure, downstream firms' decisions on vertical separation can be both strategic complements and strategic substitutes. As a result, the equilibrium number of vertically integrated firms depends on the cost structure. When the local downstream monopolists merge, vertical separation tends to appear in equilibrium. When an upstream firm can price discriminate, the downstream firms vertically separate. When the downstream firms compete with each other, vertical integration tends to appear if the degree of product differentiation is lower. -- vertical integration ; vertical separation ; local monopolists ; inputs ; technology
Book Synopsis Vertical Integration and Regulation by : Christoph Kleineberg
Download or read book Vertical Integration and Regulation written by Christoph Kleineberg and published by Springer. This book was released on 2019-01-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates under which circumstances vertical unbundling can lead to a more efficient market result. The assessment is based on an interdisciplinary approach combining law and economics. Drawing on the assessment, circumstances are subsequently presented under which unbundling might become necessary. Additionally, less severe means of regulatory intervention are suggested in order to protect competition. Given its scope, the book is chiefly intended for scholars and practitioners in the field of economic policy and regulation law; in addition, it will give interested members of the public a unique opportunity to learn about the underlying rationales of regulation law and regulation economics.
Book Synopsis The Antitrust Paradox by : Robert Bork
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.
Book Synopsis Vertical Relationships and the Firm in the Global Economy by : Khalid Sekkat
Download or read book Vertical Relationships and the Firm in the Global Economy written by Khalid Sekkat and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the vertical relationships of firms in an international context. These relationships, Khalid Sekkat argues, have gained further relevance due to the notable increase in vertical specialization of production across borders in the past few years.
Book Synopsis On Vertical Market Structure and Buyer Countervailing Power by : Xu-liang WU
Download or read book On Vertical Market Structure and Buyer Countervailing Power written by Xu-liang WU and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper redefines different types of vertical market structure, such as double monopoly, bilateral monopoly, and two-sided monopoly. The core issue can be stated as follows: When there is bilateral monopoly, what are the differences between two-sided monopoly and one-sided monopoly as far as welfare consequences of retailers' rising buyer power are concerned. The results show that in tow-sided monopoly situation, from consumer welfare perspective, the results of vertical integration are better than the results of vertical separation, whereas in one-sided monopoly situation, the results of vertical separation are better than the results of vertical integration, so the vertical market structure of one-sided monopoly or one-sided competition effectively overcomes double marginalization problem, to counter the forces at this time the buyer countervailing power hypothesis is somewhat reasonable. Taking Inter-period factor into account, this conclusion is even more credible.
Book Synopsis Vertical Integration and Market Structure by : Timothy F. Bresnahan
Download or read book Vertical Integration and Market Structure written by Timothy F. Bresnahan and published by . This book was released on 2012 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these predictions, but less progress in quantifying their importance. One difficulty is that empirical applications often must consider firm structure together with industry structure. Research in industrial organization frequently has adopted this perspective, emphasizing how scale and scope economies, and strategic considerations, influence patterns of industry integration. But this research has paid less attention to contractual or organizational details, so that these two major lines of research on vertical integration have proceeded in parallel with only rare intersection. We discuss the value of combining different viewpoints from organizational economics and industrial organization.
Book Synopsis The Competitive Effects of Vertical Integration in Platform Markets by : Jérôme Pouyet
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.
Book Synopsis Is Vertical Integration Profitable? by : Buzzell
Download or read book Is Vertical Integration Profitable? written by Buzzell and published by . This book was released on 1983-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Impact of Vertical Coordination by : Jebaraj Asirvatham
Download or read book Economic Impact of Vertical Coordination written by Jebaraj Asirvatham and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased coordination along the production-marketing chain has considerably changed the structure, conduct and performance of the industries as well as the organization of the marketing system (Manchester, 1997; MacDonald et al, 2000). Such changes have economic implications in terms of prices, output and welfare at each stage along the production-marketing chain. From a policy point of view it is important that we evaluate the welfare impact of vertical coordination or examine whether or not the expected cost-savings are realized or how consumer welfare is affected by supply contracts. A two-stage model of meat-packers' oligopsony power over the fed cattle marketers was studied by Koontz and Garcia (1997). Their study shows that producers received low price during collusive phase of meat packers than the non-collusive phase. Suominen (1992) analyzed the effects of vertical integration in a two-stage vertical setting for the pulp and paper industries in Finland and found that exogenous shocks have dissimilar effects on outputs and prices depending on the vertical integration pattern of an oligopolistic industry. Royer and Bhuyan (1995) studied the impact of vertical integration in a three-stage production-marketing setting with special focus on the interactions among farmer-owned cooperatives, assemblers and the processors. They found that cooperatives might have an incentive to integrate forward to capture value-added profits in the processed product market only when they could restrict member output. Most of these studies, however, do not explicitly model to measure the economic impact of vertical coordination in an imperfect market with multiple players or participants. In addition, most of the existing studies do not examine the welfare implications of alternative vertical coordination mechanisms at various stages for all participants at a given stage (e.g., contracts). This study contributes to the literature by modeling and testing 5 three-stage multi-player vertical coordination models that explicitly incorporate supply contract (partial and full), integration (partial and full), and market exchange mechanisms. It also models various interactions among players at each stage, among players at different stages, and the price, output and welfare impact of such strategic behavior. Study results show that regardless of the type of vertical coordination mechanism in place, the welfare of market participants, including consumers, was minimized when the firms at various stages of the production-marketing chain moved away from Cournot behavior towards collusion. In addition, increased collusion among participants at various stages under any given vertical coordination mechanism decreased total welfare, particularly those of farmers and consumers. Each market participants' profits were also found to be determined by the market power one possesses. In terms of policy implications, the study provides more insight into the welfare impact of alternative vertical coordination mechanisms in a multi-staged production-marketing chain when it involves multi-player interactions in an imperfect market. From a business perspective, this study shows how firms (in the food industry or otherwise, i.e., the models presented here are very flexible and replicable) at any stage along a vertical production-marketing chain may develop market/business strategies and how such strategies may impact suppliers, buyers, and consumers.