| 題名: | The Growth and Welfare Effects of Vertical Separation versus Vertical Integration |
| 作者: | Chi-Ting Chin |
| 關鍵字: | vertical separation vertical integration imperfect competition endogenous growth social welfare |
| 期刊名/會議名稱: | 經濟與管理論叢 第10卷第2期 |
| 摘要: | Abstract Bonanno and Vickers (1988) show that vertical separation is profitable and is of interest to manufacturers collectively, as well as individually, provided that the franchise fees can be used to extract the retailers’ surplus. However, their analysis is derived within the goods market only, and hence ignores the harm caused to the community by the double marginalization. This paper develops a simple endogenous growth model with monopolistic competition, in which both structures of vertical integration and vertical separation can be described, and finds that vertical separation reduces both the balanced growth rate and the social welfare. |
| ISSN: | issn18190917 |
| 日期: | 2014/07/01 |
| 分類: | 第 10卷第2期 |
文件中的檔案：
沒有與此文件相關的檔案。
在 DSpace 系統中的文件，除了特別指名其著作權條款之外，均受到著作權保護，並且保留所有的權利。