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The effects of monetary instability on the extent of vertical integration

✍ Scribed by Donald J. Boudreaux; William F. Shughart


Book ID
112729304
Publisher
Springer US
Year
1989
Tongue
English
Weight
931 KB
Volume
17
Category
Article
ISSN
0197-4254

No coin nor oath required. For personal study only.


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This essay studies the private incentives for, and welfare consequences of, the vertical integration of successive monopolies. When the merged firm is as efficient as its pre-merger components, private and social interests coincide and the merger raises welfare by eliminating the double mark-up. Whe