Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56060 
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dc.contributor.authorHunold, Matthiasen
dc.contributor.authorRöller, Lars-Hendriken
dc.contributor.authorStahl, Konraden
dc.date.accessioned2012-03-23-
dc.date.accessioned2012-03-27T09:33:46Z-
dc.date.available2012-03-27T09:33:46Z-
dc.date.issued2012-
dc.identifier.piurn:nbn:de:bsz:180-madoc-322041en
dc.identifier.urihttp://hdl.handle.net/10419/56060-
dc.description.abstractWe analyze the effects of downstream firms' acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals' sales. Double marginalization is enhanced. Whereas full vertical integration would lead to decreasing, passive backwards ownership leads to increasing downstream prices and is more profitable, as long as competition is sufficiently intensive. Downstream acquirers strategically abstain from vertical control, inducing the efficient supplier to commit to high prices. All results are sustained when upstream suppliers are allowed to charge two part tariffs.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x12-022en
dc.subject.jelL22en
dc.subject.jelL40en
dc.subject.ddc330en
dc.subject.keyworddouble marginalizationen
dc.subject.keywordstrategic delegationen
dc.subject.keywordvertical integrationen
dc.subject.keywordpartial ownershipen
dc.subject.keywordcommon agencyen
dc.subject.stwLieferanten-Kunden-Beziehungen
dc.subject.stwVertikale Konzentrationen
dc.subject.stwKapitalbeteiligungen
dc.subject.stwÜbernahmeen
dc.subject.stwPrinzipal-Agent-Theorieen
dc.subject.stwBetriebliche Preispolitiken
dc.subject.stwPreiswettbewerben
dc.subject.stwWettbewerbsbeschränkungen
dc.subject.stwTheorieen
dc.titleBackwards integration and strategic delegation-
dc.typeWorking Paperen
dc.identifier.ppn689156774en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:12022en

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