Avenel, Éric; Caprice, Stéphane - Centre de Recherche en Économie et Management (CREM) - 2012
We analyse the impact of an entry threat at the downstream level on the ability of a pair of vertically integrated … the structures of this market for which an entry threat facilitates collusion between incumbents. While the entry threat … leaves collusion and deviation profits unchanged, it lowers profits in punishment periods. Consequently, an entry threat …