The strategic value of partial vertical integration
نویسندگان
چکیده
منابع مشابه
The strategic value of partial vertical integration
We investigate the strategic incentives for partial vertical integration, namely, partial ownership agreements between manufacturers and retailers, when the retailers privately know their costs and engage in differentiated good price competition. The partial misalignment between the profit objectives within a partially integrated manufacturer-retailer hierarchy entails a higher retail price tha...
متن کاملCoexistence of strategic vertical separation and integration
Coexistence of Strategic Vertical Separation and Integration by Jos Jansen This paper gives conditions under which vertical separation is chosen by some upstream firms, while vertical integration is chosen by others in the equilibrium of a symmetric model. A vertically separating firm trades off fixed contracting costs against the strategic benefit of writing a (two-part tariff, exclusive deale...
متن کاملThe Revival of Vertical Integration: Strategic Choice and Performance Influences
For the past few years, several big companies have taken actions to gain more control over their supply chains. Against the popular trend of outsourcing, they tend to go back to gain a higher level of vertical integration. Just as outsourcing once raised challenges to global management, the revival of vertical integration sure brings benefits as well as new challenges. Motivated by this recent ...
متن کاملA Note on Partial Vertical Integration
Empirical analysis [see, e.g., McDonald (1985)] suggests that partial vertical integration is a widespread phenomenon. However, there are hardly any theoretical explanations for this composition of industries. Both Arrow (1975) and Green (1986) explicitly allow for partial integration to occur. The former author takes the need for information to be the driving force behind vertical integration,...
متن کاملVertical integration in the teaching of final year medical students
Dear Editor, The traditional approach to medical educationhas been dichotomous, with a lack ofintegration between basic sciences and clinicalmedicine (1). Recent reforms have called forindividualizing the learning process, integratingknowledge with practice, and cultivating a spiritof lifelong learning (2). Vertical integrationbreaks the traditional division between clinicaland pre-clinical sci...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Economic Review
سال: 2016
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2016.07.006