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| Author: | Elberfeld, W. |
| Title: | Explaining intraindustry differences in the extent of vertical integration |
| Journal: | Journal of Institutional and Theoretical Economics
2001 : SEP, VOL. 157:3, p. 465-477 |
| Index terms: | MARKETS STRATEGY VERTICAL INTEGRATION |
| Language: | eng |
| Abstract: | The central purpose of this paper is to examine firms' vertical integration decisions as a consequence of strategic choices within an explicit market environment. The author shows that a unique equilibrium number of unintegrated downstream firms exists when the intermediate-good market is imperfectly competitive and nonintegration leads to savings in fixed costs. |
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