| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4098 |
| DP4098 Understanding the Recovery Rates on Defaulted Securities | |
| Viral Acharya; Sreedhar T Bharath; Anand Srinivasan | |
| 发表日期 | 2003-10-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we identify a wholesale price effect and demand/mark-up complementarities as the driving forces for our results. We show that our results generalize beyond the Cournot example under fairly natural assumptions. |
| 主题 | Industrial Organization |
| 关键词 | Vertically-related oligopolies Vertical integration Efficiency Foreclosure |
| URL | https://cepr.org/publications/dp4098 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533074 |
| 推荐引用方式 GB/T 7714 | Viral Acharya,Sreedhar T Bharath,Anand Srinivasan. DP4098 Understanding the Recovery Rates on Defaulted Securities. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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