Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry
AbstractWe propose a simple model of a partially integrated industry which explicitely takes into account persistant production cost differences across upstream firms, such as one might observe in natural resource industries. The model allows us to highlight the respective roles of strategic considerations and of cost considerations in the determination of an integrated firm'interaction with the non-integrated sector of the industry and, in the end, on its relative upstream- downstream specialization. Stylized facts from the oil industry are used to illustrate the type of behaviour one might expect in this context.
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Bibliographic InfoPaper provided by Laval - Recherche en Politique Economique in its series Papers with number 9604.
Length: 16 pages
Date of creation: 1996
Date of revision:
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INDUSTRY; OIL PRICES; NATURAL RESOURCES;
Other versions of this item:
- Gérard Gaudet & Ngo Van Long & Antoine Soubeyran, 1999. "Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry," Review of Industrial Organization, Springer, vol. 14(4), pages 321-335, June.
- Gaudet, G. & Van Long, N. & Soubeyran, A., 1996. "Upstream-Downstream Specialization by Integrated Firms in a Partially Integraded Industry," G.R.E.Q.A.M. 96b13, Universite Aix-Marseille III.
- Gérard Gaudet & Ngo Van Long & Antoine Soubeyran, 1996. "Upstream Downstream Specialization by Integrated Firms in a Partially Integrated Industry," CIRANO Working Papers 96s-08, CIRANO.
- Gaudet, Gerard & Long, Ngo Van & Soubeyran, Antoine, 1996. "Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry," Cahiers de recherche 9604, Université Laval - Département d'économique.
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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