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Price vs. Quantity Competition in a Vertically Related Market Revisited

Basak, Debasmita - 2017

In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics … Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …

Persistent link: https://www.econbiz.de/10012965632

Pharmaceutical Patents : Incentives for R&D or Marketing?

Brekke, Kurt Richard; Straume, Odd Rune - 2021

We analyse how a patent-holding pharmaceutical firm may strategically use advertising of existing drugs to affect R&D investments in new (differentiated) drugs, and thereby affect the probability distribution of future market structures in the industry. Within a fairly general model framework,...

Persistent link: https://www.econbiz.de/10013316463

Vertical Licensing, Input Pricing, and Entry

Bakaouka, Elpiniki - 2017

, the licensee's entry into the final products market, although increases the competition and the cost that the licensor …

Persistent link: https://www.econbiz.de/10012962608

Trade Cost Reduction and Foreign Direct Investment in a Vertical Structure

Haque, M. Emranul - 2017

Although empirical evidence shows that a lower trade cost and higher FDI may go hand in hand, the well-known “proximity-concentration” hypothesis does not support this view. We provide a simple explanation for this phenomenon. We show that a lower trade cost on the intermediate goods (with...

Persistent link: https://www.econbiz.de/10012943399

Indirect Taxation in Vertical Oligopoly

Peitz, Martin - 2009

This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax incidence tend to be qualitatively similar to models...

Persistent link: https://www.econbiz.de/10012764392

Vertical Foreign Direct Investment : Make, Sell and (Not) Buy

Milliou, Chrysovalantou - 2016

According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...

Persistent link: https://www.econbiz.de/10012977204

Vertical Integration and Downstream Collusion

Biancini, Sara - 2016

cooperative equilibrium, which potentially harms collusion. As we show, the optimal collusive profit-sharing agreement takes care …

Persistent link: https://www.econbiz.de/10012987391

Vertical Integration and Valuation of International Oil Companies

Misund, Bard - 2014

This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...

Persistent link: https://www.econbiz.de/10013043599

Manufacturers Mergers and Product Variety in Vertically Related Markets

Milliou, Chrysovalantou - 2014

We study final product manufacturers' incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in the...

Persistent link: https://www.econbiz.de/10013047344

Dynamic Entry in Vertically Differentiated Markets

Auer, Raphael; Sauré, Philip U. - 2021

We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality. Once established, firms compete for market shares, selling to consumers with heterogeneous tastes for quality. The equilibrium of the pricing game exists and is unique within...

Persistent link: https://www.econbiz.de/10013315485

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