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Перекрестные Права Собственности И Их Влияние На Эффективность Вертикальной Интеграции Предприятий
[Cross-ownership and its influence on vertical integration efficiency of enterprises]

Author

Listed:
  • Kolesnik, Georgiy

Abstract

The effect of property rights allocation on characteristics of the vertically integrated company and properties of the corresponding market equilibria are studied. It is shown that partial integration can induce inefficient super-monopolistic market equilibria and unbalance in the functioning of the elements of vertically-integrated structure.

Suggested Citation

  • Kolesnik, Georgiy, 2011. "Перекрестные Права Собственности И Их Влияние На Эффективность Вертикальной Интеграции Предприятий
    [Cross-ownership and its influence on vertical integration efficiency of enterprises]
    ," MPRA Paper 57474, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:57474
    as

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    File URL: https://mpra.ub.uni-muenchen.de/57474/3/MPRA_paper_57474.pdf
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    References listed on IDEAS

    as
    1. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
    2. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    3. Riordan, Michael H, 1998. "Anticompetitive Vertical Integration by a Dominant Firm," American Economic Review, American Economic Association, vol. 88(5), pages 1232-1248, December.
    4. Yutaka Suzuki, 2005. "Integration versus non-integration: specific investments and ex-post resource distribution," International Economic Journal, Taylor & Francis Journals, vol. 19(1), pages 11-35.
    5. Chen, Yongmin, 2001. "On Vertical Mergers and Their Competitive Effects," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 667-685, Winter.
    6. Patrick Bolton & Michael D. Whinston, 1993. "Incomplete Contracts, Vertical Integration, and Supply Assurance," Review of Economic Studies, Oxford University Press, vol. 60(1), pages 121-148.
    7. Ferguson, James M, 1983. "Daily Newspaper Advertising Rates, Local Media Cross-Ownership, Newspaper Chains, and Media Competition," Journal of Law and Economics, University of Chicago Press, vol. 26(3), pages 635-654, October.
    8. Michael D. Whinston, 2003. "On the Transaction Cost Determinants of Vertical Integration," Journal of Law, Economics, and Organization, Oxford University Press, vol. 19(1), pages 1-23, April.
    9. Michael A. Salinger, 1988. "Vertical Mergers and Market Foreclosure," The Quarterly Journal of Economics, Oxford University Press, vol. 103(2), pages 345-356.
    10. Chiu, Y Stephen, 1998. "Noncooperative Bargaining, Hostages, and Optimal Asset Ownership," American Economic Review, American Economic Association, vol. 88(4), pages 882-901, September.
    11. Perry, Martin K, 1978. "Vertical Integration: The Monopsony Case," American Economic Review, American Economic Association, vol. 68(4), pages 561-570, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    property rights; investment; conflict of interests; vertical integration; competition; monopoly; market equilibrium;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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