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
TidsskriftReview of Industrial Organization
Udgave nummer3
Sider (fra-til)321-331
StatusUdgivet - 1998

ID: 154840