This study examines the endogenous vertical structure in which each manufacturer sells its product to its exclusive retailer who sells network goods to consumers (i.e. a duopoly in the upstream market) under Bertrand competition and Cournot compet...
Journal of Economics 131(3) 199-221 2020年12月 [査読有り]
We revisit firms’ strategic delegation in a Cournot game. We consider a market comprising two consumer groups, with either a high or low willingness to pay. In this market, we first consider firms’ identical marginal costs and show that either/bot...
MANAGERIAL AND DECISION ECONOMICS 41(8) 1431-1445 2020年12月 [査読有り]
We examine the endogenous determination of a vertical market in an import-competing market with import tariff. We show that if firms commit to vertical organization before the government's commitment to trade policy, the home and foreign firms cho...
MANAGERIAL AND DECISION ECONOMICS 41(5) 839-847 2020年7月 [査読有り]
This study investigates capacity choice in a vertical structure in which each downstream firm makes its capacity decision, then a monopolistic upstream firm proposes the input price or two-part tariff contract. Finally, each downstream firm choose...
HITOTSUBASHI JOURNAL OF ECONOMICS 61(1) 60-88 2020年6月 [査読有り]
We examine an endogenous timing game in a mixed oligopoly by focusing on the vertical linkages. Our main findings are as follows. First, under discriminatory input pricing, public (private) leadership emerges in a price-setting (quantity-setting) ...
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