Matches in SemOpenAlex for { <https://semopenalex.org/work/W2038412897> ?p ?o ?g. }
- W2038412897 endingPage "535" @default.
- W2038412897 startingPage "507" @default.
- W2038412897 abstract "We investigate the robustness of the new foreclosure doctrine and its associated welfare implications to the introduction of incomplete information. In particular, we let the upstream firm's marginal cost be private information, unknown to the downstream firms. The previous literature has argued that vertical integration is harmful because it allows an upstream monopolist to limit output to monopoly levels, whereas a disintegrated structure will “over‐sell,” producing more in equilibrium. By contrast, we find that with incomplete information, high‐cost firms will often “under‐sell” in equilibrium, that is, supply less than their monopoly output. Low‐cost firms continue to over‐sell, so all types of firms have a reason to integrate downstream, but this is socially harmful only for low‐cost types. For high‐cost firms vertical integration can be Pareto‐improving, resulting in higher output, profits, and consumer surplus." @default.
- W2038412897 created "2016-06-24" @default.
- W2038412897 creator A5045147192 @default.
- W2038412897 date "2007-05-10" @default.
- W2038412897 modified "2023-10-13" @default.
- W2038412897 title "Foreclosure with Incomplete Information" @default.
- W2038412897 cites W1580609656 @default.
- W2038412897 cites W1964327187 @default.
- W2038412897 cites W1971254867 @default.
- W2038412897 cites W1996216743 @default.
- W2038412897 cites W1997155724 @default.
- W2038412897 cites W2018087853 @default.
- W2038412897 cites W2023481264 @default.
- W2038412897 cites W2038322440 @default.
- W2038412897 cites W2046585608 @default.
- W2038412897 cites W2047531301 @default.
- W2038412897 cites W2059692012 @default.
- W2038412897 cites W2063515507 @default.
- W2038412897 cites W2075170916 @default.
- W2038412897 cites W2081523315 @default.
- W2038412897 cites W2109183455 @default.
- W2038412897 cites W2109240499 @default.
- W2038412897 cites W2110566722 @default.
- W2038412897 cites W2129535586 @default.
- W2038412897 cites W2136767194 @default.
- W2038412897 cites W2161687949 @default.
- W2038412897 cites W2163907265 @default.
- W2038412897 cites W2234845283 @default.
- W2038412897 cites W2573459825 @default.
- W2038412897 cites W3122611505 @default.
- W2038412897 cites W3125968515 @default.
- W2038412897 cites W3125980928 @default.
- W2038412897 cites W4249537365 @default.
- W2038412897 cites W2146174545 @default.
- W2038412897 doi "https://doi.org/10.1111/j.1530-9134.2007.00147.x" @default.
- W2038412897 hasPublicationYear "2007" @default.
- W2038412897 type Work @default.
- W2038412897 sameAs 2038412897 @default.
- W2038412897 citedByCount "18" @default.
- W2038412897 countsByYear W20384128972012 @default.
- W2038412897 countsByYear W20384128972013 @default.
- W2038412897 countsByYear W20384128972015 @default.
- W2038412897 countsByYear W20384128972020 @default.
- W2038412897 crossrefType "journal-article" @default.
- W2038412897 hasAuthorship W2038412897A5045147192 @default.
- W2038412897 hasConcept C100243477 @default.
- W2038412897 hasConcept C10138342 @default.
- W2038412897 hasConcept C104317684 @default.
- W2038412897 hasConcept C105795698 @default.
- W2038412897 hasConcept C108713360 @default.
- W2038412897 hasConcept C113336015 @default.
- W2038412897 hasConcept C123676819 @default.
- W2038412897 hasConcept C137635306 @default.
- W2038412897 hasConcept C144133560 @default.
- W2038412897 hasConcept C162324750 @default.
- W2038412897 hasConcept C162853370 @default.
- W2038412897 hasConcept C175444787 @default.
- W2038412897 hasConcept C181169782 @default.
- W2038412897 hasConcept C185592680 @default.
- W2038412897 hasConcept C191172861 @default.
- W2038412897 hasConcept C21547014 @default.
- W2038412897 hasConcept C2776207758 @default.
- W2038412897 hasConcept C2776830614 @default.
- W2038412897 hasConcept C2781127519 @default.
- W2038412897 hasConcept C31258907 @default.
- W2038412897 hasConcept C33923547 @default.
- W2038412897 hasConcept C34447519 @default.
- W2038412897 hasConcept C40700 @default.
- W2038412897 hasConcept C41008148 @default.
- W2038412897 hasConcept C55493867 @default.
- W2038412897 hasConcept C63479239 @default.
- W2038412897 hasConcept C66887028 @default.
- W2038412897 hasConcept C99221444 @default.
- W2038412897 hasConceptScore W2038412897C100243477 @default.
- W2038412897 hasConceptScore W2038412897C10138342 @default.
- W2038412897 hasConceptScore W2038412897C104317684 @default.
- W2038412897 hasConceptScore W2038412897C105795698 @default.
- W2038412897 hasConceptScore W2038412897C108713360 @default.
- W2038412897 hasConceptScore W2038412897C113336015 @default.
- W2038412897 hasConceptScore W2038412897C123676819 @default.
- W2038412897 hasConceptScore W2038412897C137635306 @default.
- W2038412897 hasConceptScore W2038412897C144133560 @default.
- W2038412897 hasConceptScore W2038412897C162324750 @default.
- W2038412897 hasConceptScore W2038412897C162853370 @default.
- W2038412897 hasConceptScore W2038412897C175444787 @default.
- W2038412897 hasConceptScore W2038412897C181169782 @default.
- W2038412897 hasConceptScore W2038412897C185592680 @default.
- W2038412897 hasConceptScore W2038412897C191172861 @default.
- W2038412897 hasConceptScore W2038412897C21547014 @default.
- W2038412897 hasConceptScore W2038412897C2776207758 @default.
- W2038412897 hasConceptScore W2038412897C2776830614 @default.
- W2038412897 hasConceptScore W2038412897C2781127519 @default.
- W2038412897 hasConceptScore W2038412897C31258907 @default.
- W2038412897 hasConceptScore W2038412897C33923547 @default.
- W2038412897 hasConceptScore W2038412897C34447519 @default.
- W2038412897 hasConceptScore W2038412897C40700 @default.
- W2038412897 hasConceptScore W2038412897C41008148 @default.
- W2038412897 hasConceptScore W2038412897C55493867 @default.