Do Vertical Mergers Facilitate Upstream Collusion?
We investigate the impact of vertical mergers on upstream firms' ability to collude when selling to downstream firms in a repeated game. We show that vertical mergers give rise to an outlets effect: the deviation profits of cheating unintegrated firms are reduced as these firms can no longer pr...
| Main Authors: | , |
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| 格式: | Journal article |
| 語言: | English |
| 出版: |
American Economic Association
2007
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