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Abstract
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.
| Dokumententyp: | Paper |
|---|---|
| Publikationsform: | Submitted Version |
| Keywords: | Deregulation, Free Entry, Price Competition, Product Differentiation, Successive Oligopolies, Two-Part Tariffs, Vertical Restraints |
| Fakultät: | Volkswirtschaft
Volkswirtschaft > Munich Discussion Papers in Economics Volkswirtschaft > Munich Discussion Papers in Economics > Mikroökonomik Volkswirtschaft > Munich Discussion Papers in Economics > Industrieökonomik Volkswirtschaft > Lehrstühle > Seminar für Dynamische Modellierung (aufgelöst) Volkswirtschaft > Lehrstühle > Seminar für Komparative Wirtschaftsforschung |
| Themengebiete: | 300 Sozialwissenschaften > 300 Sozialwissenschaft, Soziologie
300 Sozialwissenschaften > 330 Wirtschaft |
| JEL Classification: | L13, D43, L40, L50 |
| URN: | urn:nbn:de:bvb:19-epub-3189-9 |
| Sprache: | Englisch |
| Dokumenten ID: | 3189 |
| Datum der Veröffentlichung auf Open Access LMU: | 10. Apr. 2008, 06:36 |
| Letzte Änderungen: | 08. Nov. 2020, 04:00 |
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