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- W1974865308 abstract "In this article, the effect of downstream horizontal mergers on the upstream producer's capacity choice was studied. Contrary to conventional wisdom, I find a nonmonotonic relationship: horizontal mergers induce a higher upstream capacity if the cost of capacity is low, and a lower upstream capacity if this cost is high. This result is explained by decomposing the total effect into two competing effects: a change in holdup and a change in bargaining erosion." @default.
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- W1974865308 date "2007-12-01" @default.
- W1974865308 modified "2023-10-18" @default.
- W1974865308 title "Downstream mergers and producer's capacity choice: why bake a larger pie when getting a smaller slice?" @default.
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- W1974865308 doi "https://doi.org/10.1111/j.0741-6261.2007.00120.x" @default.
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