Alfaro, Laura; Conconi, Paola; Fadinger, Harald; … - C.E.P.R. Discussion Papers - 2012
What is the relationship between product prices and vertical integration? While the literature has focused on how … integration affects prices, this paper shows that prices can affect integration. Many theories in organizational economics and … industrial organization posit that integration, while costly, increases productivity. If true, it follows from firms' maximizing …