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all the bargaining power at the production stage, while it vanishes when the buyer and suppliers' weights are balanced … more bargaining power when selecting suppliers than when negotiating over quantities and intermediate prices. The buyer …
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We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits … through vertical integration as it has sufficient market power anyways. In our model the dominant supplier has full bargaining …
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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
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