منابع مشابه
Vertical Integration and Competition Policy
Recently, the European Commission has decided to implement a simplified procedure in the context of vertical integration. If the combined market shares of the merging firms are less than 25 percent, upstream and downstream, the Commission will consider the merger harmless. The purpose of this study is to examine the welfare aspects of vertical integration in a simple model and investigate the a...
متن کاملDownstream Competition, Foreclosure, and Vertical Integration
This paper analyzes the effect of competition among downstream rms on an upstream rm’s payoff and on its incentive to integrate vertically when rms in both segments negotiate optimal contracts. We argue that as downstream competition becomes more intense, the upstream rm obtains a larger share of a smaller downstream industry prot. The upstream rm may encourage downstream competition (eve...
متن کاملTechnical Change, Competition and Vertical Integration
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متن کاملVertical Integration and Production
We use two very large datasets to obtain some of the first systematic micro evidence on how production in vertically integrated firms differs from that of unlinked producers in the same industries. The Economic Census lets us observe virtually every establishment in the private economy, and crucially, the organizational structures of the firms that own them. The Commodity Flow Survey microdata ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2006
ISSN: 0002-8282
DOI: 10.1257/000282806777211595