Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry
We propose a simple model of a partially integrated industry which explicitly takes into account persistent 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's interaction with the non- integrated sector of the industry and, in the end, on its relative upstream-downstream specialization. Stylized facts from the world oil industry are used to illustrate the type of behaviour one might expect in this context.
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| Date of creation: | 1996 |
| Handle: | RePEc:lvl:laeccr:9604 |
| Contact details of provider: | Postal: Pavillon J.A. De Sève, Québec, Québec, G1K 7P4 Phone: (418) 656-5122 Fax: (418) 656-2707 Web page: http://www.ecn.ulaval.ca Email: More information through EDIRC
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References listed on IDEAS
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- Gaudet, Gerard & Long, Ngo Van, 1994.
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- Gérard Gaudet & Ngo Van Long, 1991. "On the Effects of the Distribution of Initial Endowments in a non Renewable Resource Duopoly," Cahiers de recherche du Département des sciences économiques, UQAM 9202, Université du Québec à Montréal, Département des sciences économiques.
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- Gérard Gaudet & Ngo Van Long, 1993. "Vertical Integration, Foreclosure and Profits in the Presence of Double Marginalisation," Cahiers de recherche du Département des sciences économiques, UQAM 9308, Université du Québec à Montréal, Département des sciences économiques.
- Gérard Gaudet & Ngo Van Long, 1995. "Vertical Integration, Foreclosure and Profits in the Presence of Double Marginalisation," CIRANO Working Papers 95s-40, CIRANO.
- Hart, O. & Tirole, J., 1990. "Vertical Integration And Market Foreclosure," Working papers 548, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bonanno, Giacomo & Vickers, John, 1988. "Vertical Separation," Journal of Industrial Economics, Wiley Blackwell, vol. 36(3), pages 257-265, March.
- Ordover, Janusz A & Saloner, Garth & Salop, Steven C, 1990. "Equilibrium Vertical Foreclosure," American Economic Review, American Economic Association, vol. 80(1), pages 127-142, March.
- Adelman, M. A., 1991. "User cost in oil production," Resources and Energy, Elsevier, vol. 13(3), pages 217-240, September.
- Michael A. Salinger, 1988. "Vertical Mergers and Market Foreclosure," The Quarterly Journal of Economics, Oxford University Press, vol. 103(2), pages 345-356. Full references (including those not matched with items on IDEAS)
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