Competitive vertical foreclosure
Article Abstract:
A study investigated the competitive impact of vertical mergers with respect to upstream and downstream oligopolistic competition. In this model, decision makers are assumed to maximize total profit from selling final output and upstream input and are allowed to do what is rational. Demand is assumed to be linear and marginal costs are constant. It will be demonstrated that under these conditions, vertical mergers are pro-competitive under all circumstances and profitable under some conditions.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1999
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Full or partial market coverage? A note on spatial competition with elastic demand
Article Abstract:
Product locations and prices have been determined through a spatial model under conditions of elastic consumer demand with a finite reservation price. Conditions wherein a two-stage equilibrium leads to maximal product differentiation with full market covering have also been derived. Results confirm that firms relax price competition by maximizing product differentiation when the price reservation is high.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1999
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Changing industrial structure and competitive patterns of manufacturing and non-manufacturing in a small open economy: an entropy measurement
Article Abstract:
The industrial concentration and competitive patterns existing in a small open economy, such as Hong Kong, highlight several institutional and economic issues. A small economy, such as Hong Kong, exhibits a relatively low degree of industrial concentration. Domestic market size was found to be insignificant in determining the concentration level of a small open economy with free trade.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1995
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