Author: Jean J. GabszewiczPublisher:
ISBN:
Category :
Languages : en
Pages : 11
Book Description
A Note on Successive Oligopolies and Vertical Mergers
Author: Jean J. GabszewiczStrategic Aspects of Oligopolistic Vertical Integration
Author: C. WuPublisher: Elsevier
ISBN: 1483296164
Category : Business & Economics
Languages : en
Pages : 244
Book Description
In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises. Many studies on vertical integration are based on business experiences and interviews with managers. However, the extensive application of game theory in business economics allows this study on vertical integration to be based on sound theoretic ground. Moreover, the significance of public enterprises in some Western European economies and the trends of economic transition in Eastern Europe justify the efforts to analyse vertical integration issues in the mixed market, which is created by the participation of a public firm into an industry otherwise characterised as a successive oligopoly.
Three Essays on Successive Vertical Oligopolies
Author: Joon LimPublisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 254
Book Description
Market Foreclosure and Strategic Vertical Integration in Successive Oligopolies
Author: Randall E. WaldronPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 434
Book Description
Product Differentiation in Successive Vertical Oligopolies
Author: Paul BelleflammePublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This is a successive oligopoly model with two brands. Each downstream firm chooses one brand to sell on a final market. The upstream firms specialize in the production of one input specifically designed for the production of one brand, but they also produce the input for the other brand at an extra cost. We show that when more downstream firms choose one brand, more upstream firms will specialize in the input specific to that brand, and vice versa. Hence, multiple equilibria are possible and the softening effect of brand differentiation on competition might not be strong enough to induce maximal differentiation. The existence of equilibria and their welfare performance are also examined.
Losses from Horizontal Merger
Author: Ramon Fauli-OllerPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper generalizes the model of Salant et al. (1983; Quarterly Journal of Economics, Vol. 98, pp. 185-199) to a successive oligopoly model with product differentiation. Upstream firms produce differentiated goods, retailers compete in quantities, and supply contracts are linear. We show that if retailers buy from all producers, downstream mergers do not affect wholesale prices. Our result replicates that of Salant's, where mergers are not profitable unless the size of the merged firm exceeds 80 per cent of the industry. This result is robust to the type of competition.
Intimidating Competitors - Endogenous Vertical Integration and Downstream Investment in Successive Oligopoly
Author: Stefan BühlerThe Antitrust Paradox
Author: Robert BorkPublisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536
Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Antitrust Law Journal
Author: Media Ownership and Concentration in America
Author: Eli NoamPublisher: Oxford University Press
ISBN: 0195188527
Category : Business & Economics
Languages : en
Pages : 500
Book Description
People have worried for many years about the concentration of private power over the media, as evidenced by controversy over Federal Communication Commission rulings on broadcast ownership limits. The fear, it seems, is of a media mogul with a political agenda: a new William Randolph Hearst who could help start wars or run for political office using the power of the media. In the light of these concerns about freedom of speech, Eli Noam provides a comprehensive survey of media concentration in America, covering everything from the early media empire of Benjamin Franklin to the modern-day cellular phone industry.