Showing 1 - 10 of 43
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure …. A powerful argument against this hypothesis is that, absent commitment, such foreclosure cannot occur in Nash …
Persistent link: https://www.econbiz.de/10010302573
and thereby can lead to market foreclosure. Based on this theory, the article reviews a merger case in the financial …
Persistent link: https://www.econbiz.de/10011649478
identify countervailing forces resulting from strong vertical foreclosure, upstream sales and endogenous acquisition costs.  …
Persistent link: https://www.econbiz.de/10014588993
Abstract We present a method for identifying up- and downstream industries in inter-industry datasets via input–output tables. We apply this approach to aggregated European input–output data and present results on identified industry links and their sensitivity to threshold definitions. We...
Persistent link: https://www.econbiz.de/10014609617
Abstract Net neutrality is hotly debated among both scholars and politicians for more than a decade already, but it’s still one of the most prominent topics in telecommunications policy. This paper reviews the recent economic literature on net neutrality following an introductory discussion of...
Persistent link: https://www.econbiz.de/10014619323
foreclosure of complementary software to rival hardware. Foreclosure occurs when a console hardware manufacturer produces software … foreclosure effect which increases console market power and forces prices higher. The second, an efficiency effect, drives prices … lower. Counterfactual exercises determine vertical integration with foreclosure is pro-competitive. It increases price …
Persistent link: https://www.econbiz.de/10009441274
In the beginning of fixed network liberalisation in Europe in the late 1990s, the main concern of regulators was to lower calls prices. This was done by introducing wholesale regulation and promoting service based competition. Some years later, the concern of some regulators turned from too high...
Persistent link: https://www.econbiz.de/10010265881
This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As a first step, the paper derives the collusive equilibrium that requires the lowest discount factor in the infinitely repeated game when one firm is vertically integrated. It...
Persistent link: https://www.econbiz.de/10010266966
develop a novel framework for directly evaluating the strategic foreclosure effect and the effciency benefits associated with … vertical integration. Applying this framework, we find significant evidence for both vertical foreclosure and effciency … benefits. The foreclosure effect dominates the effciency benefits for more than half of the refining firms in the sample …
Persistent link: https://www.econbiz.de/10010315497
identify countervailing forces resulting from strong vertical foreclosure, upstream sales and endogenous acquisition costs. …
Persistent link: https://www.econbiz.de/10010315532