search query: @author Salinger, M. A. / total: 2
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| Author: | Salinger, M. A. |
| Title: | The meaning of 'upstream' and 'downstream' and the implications for modeling vertical mergers. |
| Journal: | Journal of Industrial Economics
1989 : JUN, VOL. 37:4, p. 373-387 |
| Index terms: | OLIGOPOLY MERGERS ECONOMETRIC MODELS |
| Language: | eng |
| Abstract: | Alternative definitions of the terms "upstream" and "downstream" in case of vertical mergers are discussed. It is shown how each can be represented within a single model of complementary oligopoly. The different definitions have strikingly different implications for the effect of vertical mergers. While the correct definition is not obvious, the model implies an observable condition that determines the competitive effect of a vertical merger. This condition can be a guide to empirical studies of vertical merger and integration. Some additional insight into the asymmetry between "upstream" and "downstream" firms might be helpful in this regard. |
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