haku: @indexterm VERTICAL INTEGRATION / yhteensä: 190
viite: 67 / 190
| Tekijä: | Durham, Y. |
| Otsikko: | An experimental examination of double marginalization and vertical relationships |
| Lehti: | Journal of Economic Behavior and Organization
2000 : JUN, VOL. 42:2, p. 207-229 |
| Asiasana: | Externalities Economic theory Vertical integration Monopoly Companies Models |
| Kieli: | eng |
| Tiivistelmä: | The presence of a vertical externality, and therefore an incentive to integrate or to impose vertical restraints, is investigated in 11 posted-offer experiments. Upstream markets are characterized by a single seller. When the downstream market consists of 3 firms, there is no evidence of a vertical externality, and behaviour is consistent with the vertically integrated outcome. With a single firm downstream, a vertical externality is present and the Nash prediction is supported. An analysis of individual market behaviour reveals that firms approximate their best response functions, with some indication that they improve over time. |
SCIMA