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- W1569647815 abstract "We extend the standard vertical oligopoly model to allow for free entry in the upstream sector, and research and development with knowledge spillover in the downstream sector. The fact that an increase in the number of firms lowers industry profit is the common wisdom that may not hold in vertical structure of production. We provide a complementary reasoning and find that aggregate downstream profit can increase with downstream entry when the knowledge spillover effect and the entry cost are moderate. Copyright © 2014 John Wiley & Sons, Ltd." @default.
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- W1569647815 date "2014-04-21" @default.
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- W1569647815 title "Profit-raising Entry in Vertically Related Markets" @default.
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- W1569647815 doi "https://doi.org/10.1002/mde.2677" @default.
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