Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry

Gérard Gaudet, Ngo Long and Antoine Soubeyran

Working Papers from Laval - Recherche en Politique Economique

Abstract: We propose a simple model of a partially integrated industry which explicitely takes into account persistant production cost differences across upstream firms, such as one might observe in natural resource industries. The model allows us to highlight the respective roles of strategic considerations and of cost considerations in the determination of an integrated firm'interaction with the non-integrated sector of the industry and, in the end, on its relative upstream- downstream specialization. Stylized facts from the oil industry are used to illustrate the type of behaviour one might expect in this context.

Keywords: INDUSTRY; OIL PRICES; NATURAL RESOURCES (search for similar items in EconPapers)
JEL-codes: L11 L22 L71 Q20 Q40 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1996
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Related works:
Journal Article: Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry (1999)
Working Paper: Upstream Downstream Specialization by Integrated Firms in a Partially Integrated Industry (1996)
Working Paper: Upstream-Downstream Specialization by Integrated Firms in a Partially Integraded Industry (1996)
Working Paper: Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry (1996)
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