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industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail …
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industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail …
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This paper illustrates the effect of market size on the decision of whether or not firms should vertically integrate or disintegrate. We use a model of two successive stages of production with Cournot competition in each stage. In this model, firms choose to specialize (either upstream or...
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