Ordover, Janusz A; Saloner, Garth; Salop, Steven C - In: American Economic Review 80 (1990) 1, pp. 127-42
The authors formulate a complete, but analytically simple, equilibrium model of vertical mergers to evaluate the logic of standard vertical foreclosure claims and the criticisms made of those claims. The model includes incentives of the integrated firm and unintegrated input suppliers to exclude...