Rossini, Gianpaolo
(2003)
Private incentives to vertical disintegration among firms with heterogeneous objectives.
DOI 10.6092/unibo/amsacta/623.
Full text disponibile come:
Anteprima |
Documento PDF
Download (105kB) | Anteprima |
URL ufficiale: http://www.dse.unibo.it/wp/476.pdf
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 manufacturerof 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.
Abstract