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In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the …
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In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...
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