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  • 标题:Forward Vertical Integration: The Fixed-Proportion Case Revisited
  • 本地全文:下载
  • 作者:Olivier Bonroy ; Bruno Larue
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2007
  • 卷号:12
  • 出版社:Economics Bulletin
  • 摘要:Assuming a fixed-proportion downstream production technology, partial forward integration by an upstream monopolist may be observed whether the monopolist is advantaged or disadvantaged cost-wise relative to fringe firms in the downstream market. Integration need not induce cost-predation and the profits of the fringe may increase. The output price falls and welfare unambiguously rises.
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