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| Tekijä: | Inderst, R. Valletti, T. |
| Otsikko: | Indirect versus direct constraints in markets with vertical integration |
| Lehti: | Scandinavian Journal of Economics
2009 : VOL: 111:3, p. 527-546 |
| Asiasana: | antitrust vertical integration wholesaling |
| Vapaa asiasana: | market power |
| Kieli: | eng |
| Tiivistelmä: | The interaction of direct constraints, arising from competition on the wholesale market, and of indirect constraints, arising from substitution on the retail market is analyzed for an assessment of market power on the wholesale (or merchant) market in the presence of vertically integrated companies. A vertically integrated company that still participates in the merchant market exerts both direct and indirect constraints. The factors that determine the importance of direct and indirect constraints are analyzed. |
SCIMA