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Excess Entry, Vertical Integration, and Welfare
Oleh:
Kuhn, Kai-Uwe
;
Vives, Xavier
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 30 no. 4 (1999)
,
page 575-603.
Topik:
welfare
;
excess entry
;
vertical integration
;
welfare
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.7
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This article provides a systematic analysis of the welfare effects of vertical integration by a monopolist input supplier into a monopolistically competitive downstream industry. We give sufficient conditions on consumer preferences that lead to Pareto - improving vertical integration and demonstrate a close relationship between assumptions on preference for variety, excess entry in monopolistically competitive markets, and the welfare effects of vertical integration: Excess entry in downstream markets tends to give rise to Pareto - improving vertical integration. We extend the analysis to vertical oligopoly and access price regulation.
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