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Vertical Integration as a Source of Hold-up

Allain, Marie-Laure; Rey, Patrick; Chambolle, Claire - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014

While vertical integration is traditionally seen as a solution to the hold-up problem, this paper highlights instead that it can generate hold-up problems — for rivals. We first consider a successive duopoly where competition among suppliers eliminates any risk of hold-up; downstreamfirms thus...

Persistent link: https://www.econbiz.de/10010968928

Inventories and Endogenous Stackelberg Leadership in Two-period Cournot Oligopoly

Mitraille, Sébastien; Moreaux, Michel - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012

resulting from increased sales and higher operation costs. This number and the industry inventories are non monotonic in n …

Persistent link: https://www.econbiz.de/10010852304

Heterogenous switching costs

Biglaiser, Gary; Crémer, Jacques; Dobos, Gergely - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013

We consider a simple two period model where consumers have different switching costs. Before the market opens, there …

Persistent link: https://www.econbiz.de/10010852306

News Aggregators and Competition Among Newspapers in the Internet

Esfahani, Nikrooz; Jeon, Doh-Shin - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013

from strategic substitutes to strategic complements and is likely to increase the quality of newspapers and social welfare …We study how the presence of a news aggregator affects quality choices of newspapers competing on the Internet. To … quality on each issue. This model captures the "business-stealing effect" and the "readership expansion effect" of the …

Persistent link: https://www.econbiz.de/10010852324

Exclusive Dealing and Vertical Integration in Interlocking Relationships

Nocke, Volker; Rey, Patrick - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014

We develop a model of interlocking bilateral relationships between upstream firms (manufacturers) that produce differentiated goods and downstream firms (retailers) that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting...

Persistent link: https://www.econbiz.de/10010944623

Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories

Jeon, Doh-Shin; Lovo, Stefano - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013

The recent subprime crisis and the ongoing Euro zone crisis have generated an enormous interest in the credit rating industry not only among economists but also among average citizens. As a consequence, we have seen an explosion of the economic literature on the industry. The objective of this...

Persistent link: https://www.econbiz.de/10011268425

Inventories and Endogenous Stackelberg Leadership in Two-period Cournot Oligopoly

Mitraille, Sébastien; Moreaux, Michel - Institut d'Économie Industrielle (IDEI), Toulouse … - 2011

resulting from increased competition and higher operation costs. This number and the industry inventories are non monotonic in n …

Persistent link: https://www.econbiz.de/10009228628

Empirical Evidence on the Role of Non Linear Wholesale Pricing and Vertical Restraints on Cost Pass-Through

Bonnet, Céline; Dubois, Pierre; Villas Boas, Sofia B. - Institut d'Économie Industrielle (IDEI), Toulouse … - 2009

Persistent link: https://www.econbiz.de/10008594384

Intermodal and Intramodal Competition in Passenger Rail Transport

Ivaldi, Marc; Vibes, Catherine - Institut d'Économie Industrielle (IDEI), Toulouse … - 2005

Persistent link: https://www.econbiz.de/10005767414

Welfare Tradeoffs in U.S. Rail Mergers

Ivaldi, Marc; Mccullough, Gerard - Institut d'Économie Industrielle (IDEI), Toulouse … - 2010

hypothetical situation with full commitment. We conclude that the welfare gains from improving commitment would be significant but …

Persistent link: https://www.econbiz.de/10005767508