Equilibrium Vertical Foreclosure

We formulate a complete, but analytically simple, equilibrium model of vertical mergers to evaluate the logic of standard vertical foreclosure claims and the criticisms made of those claims. The model includes incentives of the integrated firm and unintegrated input supplies to exclude rivals, the p...

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Veröffentlicht in:	The American economic review 1990-03, Vol.80 (1), p.127-142
Hauptverfasser:	Ordover, Janusz A., Saloner, Garth, Salop, Steven C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Bidding Competition Economic models Economic theory Effects Equilibrium Foreclosure Foreclosures Game theory Input output analysis Input prices Marginal costs Market prices Profitability Statistical analysis Streams Studies Supply Two part tariffs Vertical Vertical integration Vertical mergers
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