Buyer Power and the Effect of Vertical Integration on Innovation PDF Download
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Author: Claire Chambolle
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer(s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives to invest on the integrated product which stifles (resp. spurs) the investment of the independent manufacturer when spillovers are low (resp. high). Instead, when investments are sequential, if buyer power is high, the leader independent manufacturer invests more (resp. less) to discourage the retailer's investment when spillovers are low (resp. high). Overall, vertical integration is always profitable but only desirable for industry and welfare when the buyer power is high.
Author: Claire Chambolle
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer(s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives to invest on the integrated product which stifles (resp. spurs) the investment of the independent manufacturer when spillovers are low (resp. high). Instead, when investments are sequential, if buyer power is high, the leader independent manufacturer invests more (resp. less) to discourage the retailer's investment when spillovers are low (resp. high). Overall, vertical integration is always profitable but only desirable for industry and welfare when the buyer power is high.
Author: Yeong Heok Lee
Publisher: Routledge
ISBN: 0429852169
Category : Business & Economics
Languages : en
Pages : 147
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Book Description
Originally published in 1994 this volume investigates the relationship between a firm's decision to integrate vertically and its research and development (R & D) strategy. Literature on vertical integration is reviewed and a framework presented to analyze the costs and benefits of vertical integration. The theoretical basis for the proposed hypostheses is investigated and the hypotheses tested empirically.
Author: Dawei Zheng
Publisher: CRC Press
ISBN: 1315760754
Category : Computers
Languages : en
Pages : 416
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Book Description
The 2014 International Conference on Future Information Engineering and Manufacturing Science (FIEMS 2014) was held June 26-27 in Beijing, China. The objective of FIEMS 2014 was to provide a platform for researchers, engineers, academics as well as industry professionals from all over the world to present their research results and development acti
Author: Jérôme Pouyet
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 0
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Book Description
We analyze vertical integration between platforms providing operating systems to manufacturers of devices when there are indirect network effects between buyers of devices and developers of applications. Vertical integration creates market power over developers, and over non-integrated manufacturers but only under certain circumstances. That market power enables to coordinate pricing decisions across both sides of the market, which leads to a better internalization of network effects. Vertical integration does not systematically lead to foreclosure and can benefit all parties, even in the absence of efficiency gains. Its competitive impact depends on the strength and the structure of indirect network effects.
Author: Robert Bork
Publisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536
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Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author: Gaoyang Cai
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We introduce a model of product innovation to examine how vertical mergers affect incentives to innovate. Incentives to innovate are the same for a vertically integrated platform that innovates in house and a product market gatekeeper that organizes an innovation tournament. A vertically integrated platform, however, has lower incentives to innovate than independent innovators. Competition between two vertically integrated platforms generates more innovation than a vertically integrated platform and less innovation than competing independent innovators. A monopoly upstream innovator with competing downstream sellers has lower incentives to innovate than a vertically integrated platform.
Author: Victoria L. Crittenden
Publisher: Springer
ISBN: 3319132482
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
This volume includes the full proceedings from the 1992 Academy of Marketing Science (AMS) Annual Conference held in San Diego, California. The research and presentations offered in this volume cover many aspects of marketing science including marketing strategy, consumer behavior, international marketing, retailing, marketing education, among others. Founded in 1971, the Academy of Marketing Science is an international organization dedicated to promoting timely explorations of phenomena related to the science of marketing in theory, research, and practice. Among its services to members and the community at large, the Academy offers conferences, congresses and symposia that attract delegates from around the world. Presentations from these events are published in this Proceedings series, which offers a comprehensive archive of volumes reflecting the evolution of the field. Volumes deliver cutting-edge research and insights, complimenting the Academy’s flagship journals, the Journal of the Academy of Marketing Science (JAMS) and AMS Review. Volumes are edited by leading scholars and practitioners across a wide range of subject areas in marketing science.
Author: Roger L. Martin
Publisher: Harvard Business Press
ISBN: 1422177807
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
Most companies today have innovation envy. Many make genuine efforts to be innovative: they spend on R & D, bring in creative designers, hire innovation consultants; but they still get disappointing results. Roger Martin argues that to innovate and win, companies need 'design thinking'.
Author: Rafał Śliwiński
Publisher: Routledge
ISBN: 1000476995
Category : Business & Economics
Languages : en
Pages : 149
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Book Description
Understanding the latest trends and technologies and their impact on enterprises, organizations or state administrations is essential to successfully develop a business in the age of Industry 4.0. This book presents a unique selection of topics and offers the reader an understanding of the implications of the newest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR) and new trends like social media and sustainable competitiveness in business. It presents the impact of the newest trends on businesses, consumers, and the result on the economy. Contributions showcase the technical perspective of new technologies and provides an innovative and enriching perspective on the implementation of AI in e-commerce and the developmental barriers it can create, modern social media usage in enterprises, the newest trends in innovation management, sustainable competitiveness in the business context, the influence and effect of augmented reality, and the privacy problem of Internet of Things to consumers. This book illustrates how to develop innovation cooperation between business, academia and public institutions through the example of biopharmaceutical industry. It will be of value to researchers, academics, professionals, and students in the fields of economics, management, international business.
Author: Xu-liang WU
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The paper redefines different types of vertical market structure, such as double monopoly, bilateral monopoly, and two-sided monopoly. The core issue can be stated as follows: When there is bilateral monopoly, what are the differences between two-sided monopoly and one-sided monopoly as far as welfare consequences of retailers' rising buyer power are concerned. The results show that in tow-sided monopoly situation, from consumer welfare perspective, the results of vertical integration are better than the results of vertical separation, whereas in one-sided monopoly situation, the results of vertical separation are better than the results of vertical integration, so the vertical market structure of one-sided monopoly or one-sided competition effectively overcomes double marginalization problem, to counter the forces at this time the buyer countervailing power hypothesis is somewhat reasonable. Taking Inter-period factor into account, this conclusion is even more credible.
