Vertical market participation

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

Alexander Schrader, Stephen Martin

Firms that operate at both levels of vertically related Cournot oligopolies will purchase some input supplies from independent rivals, even though they can produce the good at a lower cost, driving up input price for nonintegrated firms at the final good level. Foreclosure, which avoids this strategic behavior, yields better market performance than Cournot beliefs
OriginalsprogEngelsk
TidsskriftReview of Industrial Organization
Vol/bind13
Udgave nummer3
Sider (fra-til)321-331
ISSN0889-938X
DOI
StatusUdgivet - 1998

ID: 154840