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  • 标题:Vertical integration through Rubinstein bargaining
  • 本地全文:下载
  • 作者:Derek J Clark ; Jean-Christophe Pereau
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2012
  • 卷号:32
  • 期号:3
  • 页码:2522-2529
  • 出版社:Economics Bulletin
  • 摘要:We consider a vertical structure in which an upstream manufacturer bargains with a downstream retailer over the price of an intermediate good. In an alternating offers framework, we show that when the managers of the firms can choose their response time in the negotiation that the solution conforms either to the non-intergrated or fully integrated structure from standard models of successive monopoly.
  • 关键词:bargaining; successive monopoly; asymmetric response times.
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