期刊論文
| 學年 | 111 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2022-09-01 |
| 作品名稱 | Welfare Analysis in a Vertically-Related Market with Endogenous Price or Quantity Choice |
| 作品名稱（其他語言） | 內生化價格或數量選擇下垂直相關市場的福利分析 |
| 著者 | Hong-Ren Din; Chia-Hung Sun |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | 經濟論文叢刊 50(3), 頁303-327 |
| 摘要 | This research investigates the endogenous choice of prices versus quantities in a vertically-related market where an integrated firm competes with a downstream firm and they bargain over a two-part tariff input pricing contract. Contrary to the standard result, we show that both Bertrand competition and Cournot competition can be sustained as equilibrium outcomes. First, the Bertrand equilibrium maximizes industry profit, but there is a market failure in the choice of the type of strategic variables. Second, the Cournot equilibrium maximizes social welfare and consumer surplus, but there is a prisoners' dilemma. This paper ends with an extension, showing that our baseline model arises naturally as the equilibrium outcome of a simple game that admits vertical mergers. |
| 關鍵字 | vertically-related markets, Cournot competition, Bertrand competition, endogenous strategic variables, Nash bargaining solution |
| 語言 | zh_TW |
| ISSN | |
| 期刊性質 | 國內 |
| 收錄於 | TSSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/128362 ) |