The strategic value of partial vertical integration

Research, Preprint English OPEN
Fiocco, Raffaele;
  • Publisher: Universitat Rovira i Virgili. Departament d'Economia
  • Related identifiers: doi: 10.5282/ubm/epub.18457
  • Subject: vertical mergers | partial vertical integration | Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems | asymmetric information | L42 | Informació -- Aspectes econòmics | L13 | 33 - Economia | Competència econòmica | vertical restraints | C6 - Kommunikations- und Transporttechnologien, Industrie- und Regionalstruktur | product differentiation | asymmetric information; partial vertical integration; product differentiation; vertical mergers; vertical restraints | D82
    • jel: jel:D82 | jel:L42 | jel:L13
      ddc: ddc:330

We investigate the strategic incentives for partial vertical integration, namely, partial ownership agreements between manufacturers and retailers, when retailers privately know their costs and engage in differentiated good price competition. The partial misalignm... View more
  • References (34)
    34 references, page 1 of 4

    Allen, J.W., Phillips, G.M., 2000. Corporate equity ownership, strategic alliances, and product market relationships. Journal of Finance 55(6), 2791-2815.

    Baron, D.P., Myerson, R.B., 1982. Regulating a monopolist with unknown costs. Econometrica 50(4), 911-930.

    Barros, F., 1997. Asymmetric information as a commitment in oligopoly. European Economic Review 41(2), 207-225.

    Bonanno, G., Vickers, J., 1988. Vertical separation. Journal of Industrial Economics 36(3), 257-265.

    Bonnet, C., Dubois, P., 2010. Inference on vertical contracts between manufacturers and retailers allowing for nonlinear pricing and resale price maintenance. Rand Journal of Economics 41(1), 139-164.

    Bulow, J.I., Geanakoplos, J.D., Klemperer, P.D., 1985. Multimarket oligopoly: Strategic substitutes and complements. Journal of Political Economy 93(3), 488-451.

    Caillaud, B., Rey, P., 1994. Strategic aspects of vertical delegation. European Economic Review 39(3-4), 421-431.

    Crocker, K.J., 1983. Vertical integration and the strategic use of private information. Bell Journal of Economics 14(1), 236-248.

    Dasgupta, S., Tao, Z., 2000. Bargaining, bonding, and partial ownership. International Economic Review 41(3), 609-635.

    Fee, C.E., Hadlock, C.J., Thomas, S., 2006. Corporate equity ownership and the governance of product market relationships. Journal of Finance 61(3), 1217-1251.

  • Related Organizations (3)
  • Metrics
Share - Bookmark