Strategic Aspects of Oligopolistic Vertical Integration (eBook)

C. Wu (Autor)

eBook Download: PDF

2017 | 1. Auflage
242 Seiten
Elsevier Science (Verlag)
978-1-4832-9616-6 (ISBN)

Infos

In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises. Many studies on vertical integration are based on business experiences and interviews with managers. However, the extensive application of game theory in business economics allows this study on vertical integration to be based on sound theoretic ground. Moreover, the significance of public enterprises in some Western European economies and the trends of economic transition in Eastern Europe justify the efforts to analyse vertical integration issues in the mixed market, which is created by the participation of a public firm into an industry otherwise characterised as a successive oligopoly.

Inhalt

Front Cover 1
Strategic Aspects of Oligopolistic Vertical Integration 4
Copyright Page 5
Table of Contents 10
Preface 6
List of Figures 14
List of Tables 15
Lists of Symbols 16
INTRODUCTION 18
1. The subject and objectives of the research 18
2. Refinement of concepts 21
3. The state of the art 26
4. The research outline 37
5. The methodology 40
PART I: OLIGOPOLISTIC VERTICAL INTEGRATION WITH SYMMETRIC OBJECTIVES 44
Chapter 1. Vertical Integration in a Successive Duopoly with Fixed Proportions of Inputs 46
1. Introduction 46
2. A basic successive duopoly model 46
3. The analytical framework 48
4. Some preliminary results 66
5. Conclusions 75
Chapter 2. Vertical Integration in a Cournot Successive Oligopoly 76
1. Introduction 76
2. Horizontal market structure and generic vertical industrial structures 77
3. The degree of vertical integration and equilibria in mixed integration games 88
4. Profit incentives and endogeneity of vertical industrial structure 104
5. Conclusions 115
Chapter 3. Vertical Integration in a Differentiated Duopoly 118
1. A model of successive Cournot duopoly with product differentiation 118
2. Equilibrium analysis 120
3. Product differentiation and equilibrium vertical structure 126
4. Conclusions 134
Chapter 4. Vertical Integration in a Successive Oligopoly with Variable Proportions of Intermediate Inputs 136
1. Introduction 136
2. A basic framework 137
3. Equilibrium analysis 139
4. Pre-integration vertical structure and the consequence of vertical integration 149
5. Conclusions 154
Appendix 4.1: Derivation of the derived demand elasticity in the supply contracts game 157
PART II: OLIGOPOLISTIC VERTICAL INTEGRATION WITH ASYMMETRIC OBJECTIVES 160
Chapter 5. Vertical Integration in a Successive Oligopoly with Asymmetric Objectives 162
1. Introduction 162
2. A model of mixed successive oligopoly 163
3. Equilibrium analysis 170
4. Major findings 201
5. Conclusions 223
GENERAL CONCLUSIONS 226
References 232
Index 242

Produkt-Details

• Erscheint lt. Verlag: 28.12.2017
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Steuern / Steuerrecht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• ISBN-10: 1-4832-9616-4 / 1483296164
• ISBN-13: 978-1-4832-9616-6 / 9781483296166