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Vertical integration, knowledge disclosure and decreasing rival's cost

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorMilliou, Chrysovalantou
dc.contributor.authorPetrakis, Emmanuel
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2012-05-04T12:38:09Z
dc.date.available2012-05-04T12:38:09Z
dc.date.issued2012-04
dc.description.abstractWe study vertical integration incorporating the fact that it creates the possibility of knowledge disclosure. We consider a setting where, through integrating, an upstream monopolist learns its downstream partner’s innovation, and can disclose it to its downstream rival. We show that a vertically integrated firm chooses to fully disclose its knowledge to its downstream rival. Knowledge disclosure intensifies downstream competition but, at the same time, expands the downstream market size. We also show that, due to knowledge disclosure, vertical integration increases firms’ innovation incentives, consumer and total welfare, and decreases, instead of raises, the rival’s cost.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe1213
dc.identifier.urihttps://hdl.handle.net/10016/14160
dc.identifier.uxxiDT/0000000873
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries12-13
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelL13
dc.subject.jelL22
dc.subject.jelL42
dc.subject.otherVertical integration
dc.subject.otherR&D investments
dc.subject.otherMarket floreclosure
dc.subject.otherKnowledge disclosure
dc.titleVertical integration, knowledge disclosure and decreasing rival's cost
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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