Vertical merger, collusion, and disruptive buyers
نویسندگان
چکیده
منابع مشابه
Merger and Collusion in Contests
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity properties of the contest success function, and we characterize conditions under which cooperation is p...
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Merger and Collusion in Contests by Steffen Huck, Kai A. Konrad and Wieland Müller Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity properties of the co...
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متن کاملDo Vertical Mergers Facilitate Upstream Collusion?∗
In this paper we investigate the impact of vertical mergers on upstream firms’ ability to sustain collusion. We show in a number of models that the net effect of vertical integration is to facilitate collusion. Several effects arise. When upstream offers are secret, vertical mergers faciliate collusion through the operation of a foreclosure effect: Cheating unintegrated firms can no longer prof...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2010
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2010.03.002