A note on successive oligopolies and vertical mergers Core Discussion Paper 2007/74
Jean J. Gabszewicz
Abstract
Jean J. Gabszewicz
Abstract
In this paper we analyze how the technology used by downstream rms can inuence input and output market prices. We show via an example that both these prices increase under a decreasing returns technology while the contrary holds when the technology is constant.
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In this paper we analyze how the technology used by downstream rms can inuence input and output market prices. We show via an example that both these prices increase under a decreasing returns technology while the contrary holds when the technology is constant.
Key concepts: Oligopoly, Economics, Core (optical fiber), Constant (computer programming), Econometrics, Microeconomics, Industrial organization, Monetary economics