Backwards Integration and Strategic Delegation
نویسندگان
چکیده
منابع مشابه
Backwards Integration and Strategic Delegation
We analyze the effects of downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals’ sales. Double marginalization is enhanced. Whereas full vertical integration would lead to decreasing, passive backwards ownership leads to increasing d...
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Article history: Received 6 February 2009 Received in revised form 10 August 2009 Accepted 9 September 2009 Available online 30 September 2009 JEL classification: D71 D72 F53 H11
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2026987