Showing 1 - 10 of 193
Zusammenfassung Gibt es in einem räumlichen Markt einzelwirtschaftliche und/oder gesamtwirtschaftliche, wohlfahrtstheoretische Anreize zur vertikalen Integration zweier Marktstufen in einer organisatorischen Einheit (Konzern)? Zur Beantwortung dieser Frage wird ein Modell vorgestellt, in dem...
Persistent link: https://www.econbiz.de/10014608843
Recent research has indicated that livestock producers who want to manage risk and diversify their operations should invest in the stock market. This research evaluates whether or not a portfolio of publicly held companies that are first handlers of pork products would provide pork producers...
Persistent link: https://www.econbiz.de/10014667226
Markowitz’s mean‐variance approach is used to identify the returns to vertical investment in the pork industry. In addition to previous efforts, this paper considers not only returns to stock ownership, but uses operating return on investment in pork slaughter and hog production to evaluate...
Persistent link: https://www.econbiz.de/10014667285
The objective of this paper is to examine changes in the European car industry and in particular the impact these changes are having on the car makers and their relationships with their suppliers. With excess production capacity and the poor outlook for car sales, the European car industry...
Persistent link: https://www.econbiz.de/10014713580
The digital disruption is to transform all industries, leading to new business models based on the new technologies. In manufacturing, one model for digital disruption is Industrie 4.0. Proposals for Industrie 4.0 involve the virtualization and vertical and horizontal integration of the value...
Persistent link: https://www.econbiz.de/10012048912
Abstract We investigate whether vertical separation reduces quality discrimination and increases welfare. Consider an industry consisting of a vertically integrated firm, the incumbent, and an independent retailer, the entrant, which requires access to the services of the incumbent's wholesaler....
Persistent link: https://www.econbiz.de/10014586877
Abstract In antitrust practice, it is often argued that independent distributors of goods have an incentive to supply lower levels of brand-specific promotional services than a vertically integrated supplier. This paper outlines the conditions under which this claim is correct. Independent...
Persistent link: https://www.econbiz.de/10014586930
We examine vertical backward integration in a reduced-form model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to...
Persistent link: https://www.econbiz.de/10014588993
derives the endogenous transaction costs of writing a contract with another party and shows that positive transaction costs …
Persistent link: https://www.econbiz.de/10014589029
This paper illustrates the effect of market size on the decision of whether or not firms should vertically integrate or disintegrate. We use a model of two successive stages of production with Cournot competition in each stage. In this model, firms choose to specialize (either upstream or...
Persistent link: https://www.econbiz.de/10014589062