Market Size and Vertical Equilibrium in the Context of Successive Cournot Oligopolies
Identifieur interne : 001373 ( Main/Exploration ); précédent : 001372; suivant : 001374Market Size and Vertical Equilibrium in the Context of Successive Cournot Oligopolies
Auteurs : Ivan Dufeu [France]Source :
- Topics in Theoretical Economics [ 1534-598X ] ; 2004-04-27.
Abstract
This paper illustrates the effect of market size on the decision of whether or not firms should vertically integrate or disintegrate. We use a model of two successive stages of production with Cournot competition in each stage. In this model, firms choose to specialize (either upstream or downstream) or to integrate the two stages, before making their production decisions. The decision of whether or not to integrate or specialize depends on the trade-off between "escaping from" the double marginalization problem or the gain from specializing in the production stage in which the firm is more efficient. We show (using simulations) that more firms choose to be vertically integrated as the valuation of the final product or the number of consumers increases, unless the number of firms increases proportionately.
Url:
DOI: 10.2202/1534-598X.1122
Affiliations:
Links toward previous steps (curation, corpus...)
- to stream Istex, to step Corpus: 001493
- to stream Istex, to step Curation: 001493
- to stream Istex, to step Checkpoint: 000615
- to stream Main, to step Merge: 001405
- to stream Main, to step Curation: 001373
Le document en format XML
<record><TEI wicri:istexFullTextTei="biblStruct"><teiHeader><fileDesc><titleStmt><title xml:lang="en">Market Size and Vertical Equilibrium in the Context of Successive Cournot Oligopolies</title>
<author wicri:is="90%"><name sortKey="Dufeu, Ivan" sort="Dufeu, Ivan" uniqKey="Dufeu I" first="Ivan" last="Dufeu">Ivan Dufeu</name>
</author>
</titleStmt>
<publicationStmt><idno type="wicri:source">ISTEX</idno>
<idno type="RBID">ISTEX:CBFFDF2E7D3792BC832CDAFBD55A0B2B946E2F52</idno>
<date when="2004" year="2004">2004</date>
<idno type="doi">10.2202/1534-598X.1122</idno>
<idno type="url">https://api.istex.fr/document/CBFFDF2E7D3792BC832CDAFBD55A0B2B946E2F52/fulltext/pdf</idno>
<idno type="wicri:Area/Istex/Corpus">001493</idno>
<idno type="wicri:Area/Istex/Curation">001493</idno>
<idno type="wicri:Area/Istex/Checkpoint">000615</idno>
<idno type="wicri:Area/Main/Merge">001405</idno>
<idno type="wicri:Area/Main/Curation">001373</idno>
<idno type="wicri:Area/Main/Exploration">001373</idno>
</publicationStmt>
<sourceDesc><biblStruct><analytic><title level="a" type="main" xml:lang="en">Market Size and Vertical Equilibrium in the Context of Successive Cournot Oligopolies</title>
<author wicri:is="90%"><name sortKey="Dufeu, Ivan" sort="Dufeu, Ivan" uniqKey="Dufeu I" first="Ivan" last="Dufeu">Ivan Dufeu</name>
<affiliation wicri:level="1"><country wicri:rule="url">France</country>
<wicri:regionArea>1Normandy Business School, France</wicri:regionArea>
<wicri:noRegion>France</wicri:noRegion>
<wicri:noRegion>France</wicri:noRegion>
</affiliation>
<affiliation wicri:level="1"><country wicri:rule="url">France</country>
<wicri:regionArea>Normandy Business School, France</wicri:regionArea>
<wicri:noRegion>France</wicri:noRegion>
<wicri:noRegion>France</wicri:noRegion>
</affiliation>
<affiliation wicri:level="1"><country wicri:rule="url">France</country>
</affiliation>
</author>
</analytic>
<monogr></monogr>
<series><title level="j">Topics in Theoretical Economics</title>
<idno type="eISSN">1534-598X</idno>
<imprint><publisher>De Gruyter</publisher>
<date type="published" when="2004-04-27">2004-04-27</date>
<biblScope unit="volume">4</biblScope>
<biblScope unit="issue">1</biblScope>
</imprint>
</series>
<idno type="istex">CBFFDF2E7D3792BC832CDAFBD55A0B2B946E2F52</idno>
<idno type="DOI">10.2202/1534-598X.1122</idno>
<idno type="ArticleID">1534-598X.1122</idno>
<idno type="pdf">bejte.2004.4.1.1122.pdf</idno>
</biblStruct>
</sourceDesc>
</fileDesc>
<profileDesc><textClass></textClass>
<langUsage><language ident="en">en</language>
</langUsage>
</profileDesc>
</teiHeader>
<front><div type="abstract" xml:lang="en">This paper illustrates the effect of market size on the decision of whether or not firms should vertically integrate or disintegrate. We use a model of two successive stages of production with Cournot competition in each stage. In this model, firms choose to specialize (either upstream or downstream) or to integrate the two stages, before making their production decisions. The decision of whether or not to integrate or specialize depends on the trade-off between "escaping from" the double marginalization problem or the gain from specializing in the production stage in which the firm is more efficient. We show (using simulations) that more firms choose to be vertically integrated as the valuation of the final product or the number of consumers increases, unless the number of firms increases proportionately.</div>
</front>
</TEI>
<affiliations><list><country><li>France</li>
</country>
</list>
<tree><country name="France"><noRegion><name sortKey="Dufeu, Ivan" sort="Dufeu, Ivan" uniqKey="Dufeu I" first="Ivan" last="Dufeu">Ivan Dufeu</name>
</noRegion>
<name sortKey="Dufeu, Ivan" sort="Dufeu, Ivan" uniqKey="Dufeu I" first="Ivan" last="Dufeu">Ivan Dufeu</name>
<name sortKey="Dufeu, Ivan" sort="Dufeu, Ivan" uniqKey="Dufeu I" first="Ivan" last="Dufeu">Ivan Dufeu</name>
</country>
</tree>
</affiliations>
</record>
Pour manipuler ce document sous Unix (Dilib)
EXPLOR_STEP=$WICRI_ROOT/Wicri/France/explor/LeHavreV1/Data/Main/Exploration
HfdSelect -h $EXPLOR_STEP/biblio.hfd -nk 001373 | SxmlIndent | more
Ou
HfdSelect -h $EXPLOR_AREA/Data/Main/Exploration/biblio.hfd -nk 001373 | SxmlIndent | more
Pour mettre un lien sur cette page dans le réseau Wicri
{{Explor lien |wiki= Wicri/France |area= LeHavreV1 |flux= Main |étape= Exploration |type= RBID |clé= ISTEX:CBFFDF2E7D3792BC832CDAFBD55A0B2B946E2F52 |texte= Market Size and Vertical Equilibrium in the Context of Successive Cournot Oligopolies }}
This area was generated with Dilib version V0.6.25. |