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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP6735 |
DP6735 Norms and Institution Formation | |
Patrick Francois | |
发表日期 | 2008-03-07 |
出版年 | 2008 |
语种 | 英语 |
摘要 | This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the upstream conditions mainly affect the distribution of profits. We compare the welfare effects of upstream versus downstream deregulation policies and show that the impact of deregulation may be overvalued when ignoring feedback effects from the other market. Furthermore, we analyze how different forms of vertical restraints influence the endogenous market structure and show when they are welfare enhancing. |
主题 | Industrial Organization |
关键词 | Deregulation Free entry Price competition Product differentiation Successive oligopolies Two-part tariffs Vertical restraints |
URL | https://cepr.org/publications/dp6735 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535573 |
推荐引用方式 GB/T 7714 | Patrick Francois. DP6735 Norms and Institution Formation. 2008. |
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