monopoly that sells access to independent downstream firms. Our results reconciliate a set of seemingly contradictory findings … of the literature. We show that unless the monopoly's subsidiary is implausible more efficient than the independent firms … subsidiary's size and the intensity of economies of scope but if the monopoly optimally excludes rivals then intensity of …

monopolist has incomplete information and cannot implement the monopoly outcome: The expected pre-merger equilibrium price of the … downstream product is lower than the monopoly price. After a vertical merger, the equilibrium input price that is charged to the …, respectively. However, in all cases the equilibrium price of the downstream product increases to the monopoly price. Therefore, the …

monotonic in the monopoly input’s share of downstream costs …

model using a bilateral monopoly market structure to analyse how the average profitability varies with the stages in the … of bilateral monopoly can be resolved. It demonstrates joint-profit maximizing contracts emerge under quantity fixing …