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Vertical Integration with Capital Precommitment: Monopolization vs. Long-Run Inefficiency

Pio Baake, U. Kamecke and Hans-Theo Normann ()

Working Papers from Flinders of South Australia - Discipline of Economics

Abstract: We analyze the impact of vertical integration when a monopolistic producer can make a capital commitment before deciding on output.

Keywords: MONOPOLIES; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: C72 C73 D82 L10 (search for similar items in EconPapers)
Date: 2001

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Persistent link: http://EconPapers.repec.org/RePEc:fth:flinde:177

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