Does Vertical Integration Promote Downstream Incomplete Collusion? An Evaluation of Static and Dynamic Stability

被引：2

作者：

Cunha M. ^{[1
]}

Sarmento P. ^{[1
,2
]}

机构：

[1] FEP-UP, School of Economics and Management, University of Porto, 4200-464 Porto, Rua Dr. Roberto Frias

[2] FEP-UP and CEF-UP, University of Porto, Porto

来源：

Journal of Industry, Competition and Trade | 2014年 / 14卷 / 1期

关键词：

Cartel stability; Collusion; Vertical integration;

D O I：

10.1007/s10842-012-0150-9

中图分类号：

学科分类号：

摘要：

This paper analyzes the impact of vertical integration on the static and dynamic stability of downstream incomplete collusion. It is shown that a vertical merger between an upstream firm and a downstream cartel or fringe firm promotes downstream collusion, under certain conditions on the market size. However, for low downstream market concentration, a vertical merger with a cartel firm hinders collusion. Moreover, a welfare analysis shows that consumer surplus increases with the vertical merger because the merger partially eliminates the double marginalization problem. © 2013 Springer Science+Business Media New York.

引用

页码：1 / 38

页数：37

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