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...
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| פורמט: | Journal article |
| שפה: | English |
| יצא לאור: |
American Economic Association
2007
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