We study competition in markets with significant transport costs and capacity constraints. We compare the cases of price competition and coordination in a theoretical model and find that when firms compete, they more often serve more distant customers that are closer to plants of competitors. By...

This paper empirically investigates the possible market power effects of vertical integration proposed in the theoretical literature on vertical foreclosure. It uses a rich data set of cement and ready-mixed concrete plants that spans several decades to perform a detailed case study. There is...

Frontmatter -- Preface -- Contents -- Tables -- Illustrations -- CHAPTER I. The Concept of Imperfect Collusion Analyzed -- CHAPTER II. Technological Factors Conditioning Development, Entry, Location, and Market Structure in the American Cement Industry -- CHAPTER III. in Nature of Costs and...