Vertical market participation
Research output: Contribution to journal › Journal article › Research › peer-review
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
Original language | English |
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Journal | Review of Industrial Organization |
Volume | 13 |
Issue number | 3 |
Pages (from-to) | 321-331 |
ISSN | 0889-938X |
DOIs | |
Publication status | Published - 1998 |
ID: 154840