Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159317 
Year of Publication: 
2003
Series/Report no.: 
Quaderni - Working Paper DSE No. 476
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Abstract: 
A vertically integrated monopoly is compared to a decentralized market arrangement where production is segmented. A Labor Managed firm produces an input used by a profit maximizer manufacturer of a final good. Unlike what usually occurs between homogenoeus firms we find circumstances in which the decentralised vertical arrangement is privately superior to the integrated one.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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