Backward integration, forward integration, and vertical foreclosure

Preprint OPEN
Spiegel, Yossi (2013)
  • Subject: backward integration; consumer surplus; controlling and passive integration; forward integration; investment; vertical foreclosure; vertical integration
    • jel: jel:D43 | jel:L41

I show that partial vertical integration may either alleviates or exacerbate the concern for vertical foreclosure relative to full vertical integration and I examine its implications for consumer welfare.
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