INNOVATION IN VERTICALLY RELATED MARKETS

被引：29

作者：

Chen, Yongmin ^{[1
]}

Sappington, David E. M. ^{[2
]}

机构：

[1] Univ Colorado, Dept Econ, Boulder, CO 80309 USA

[2] Univ Florida, Dept Econ, Gainesville, FL 32611 USA

来源：

JOURNAL OF INDUSTRIAL ECONOMICS | 2010年 / 58卷 / 02期

关键词：

INTEGRATION; INDUSTRIES; QUALITY; CHOICE;

D O I：

10.1111/j.1467-6451.2010.00414.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the impact of vertical industry structure on upstream process innovation. We find that vertical integration (VI) generally enhances innovation under downstream Cournot competition, but can diminish innovation under downstream Bertrand competition. We also find that under Bertrand competition, VI can increase innovation when the direct incentives for innovation are limited, but can reduce innovation when the direct incentives are pronounced.

引用

页码：373 / 401

页数：29

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