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High-quality producers in a vertically differentiated market can reap superior profits by charging higher prices …
Persistent link: https://www.econbiz.de/10005245693
Persistent link: https://www.econbiz.de/10009154876
We develop a partial equilibrium, perfectly competitive framework of a (potentially) vertically oriented industry. There are three types of firms: Upstream firms that use primary factors to produce an intermediate; downstream firms that use primary factors and intermediates to produce a final...
Persistent link: https://www.econbiz.de/10013116872
This article describes the ways in which cotton goods were commercialised during the nineteenth century and the first third of the twentieth. Several national cases are analysed: Britain, as the Workshop of the World; France, Germany, Switzerland and the US, as core economies; and Italy and Spain...
Persistent link: https://www.econbiz.de/10005022380
most of the literature, we allow for free entry into the downstream segment, so that prices equal long-run average costs …
Persistent link: https://www.econbiz.de/10014074263
This paper examines how the density and governance of vertically related populations affect the life chances of organizations. We integrate the literatures on organizational ecology and vertical integration to develop a theory of how 1) specialized upstream industries affect downstream survival...
Persistent link: https://www.econbiz.de/10014042127
adjustments in contracts. The traditional agreements to inflexible prices were destabilized, resulting in widespread disputes and …
Persistent link: https://www.econbiz.de/10014168352
market shares. The firms are facing variable costs of quality improvement and choose their prices under the constraint of … nonnegative profits. We show that in equilibrium there is no differentiation in quality if the market coverage is either …
Persistent link: https://www.econbiz.de/10008757547
We analyze health care option demand markets with vertical restraints divided along two dimensions: naked and conditional exclusion, and vertical integration; applicable to the upstream, the downstream, and both markets. Our unified framework includes forward and backward integration, and joint...
Persistent link: https://www.econbiz.de/10013131053
We build up a differential game to investigate the interplay between the quality of health care and the presence of an evolving disease in a duopoly where patients are heterogeneous along the income dimension. We prove unicity, stability and perfection of the open-loop Nash solution. Moreover,...
Persistent link: https://www.econbiz.de/10011737232