aktuelle Publikationen (ab 2015)
Complementary monopolies and multi-product firms
- Author(s)
- Michael Kopel, Clemens Löffler, Thomas Pfeiffer
- Abstract
According to the classical result on complementary monopolies, a single-product firm unambiguously prefers purchasing complementary inputs from an integrated monopolistic supplier rather than from different non-integrated monopolistic suppliers. In this note, we account for the fact that firms often manufacture multiple products and show that the classical result on complementary monopolies can be reversed in such a case. Purchasing complementary inputs from non-integrated suppliers can be optimal for multi-product firms.
- Organisation(s)
- Department of Accounting, Innovation and Strategy
- External organisation(s)
- Wirtschaftsuniversität Wien (WU), Karl-Franzens-Universität Graz
- Journal
- Economics Letters
- Volume
- 157
- Pages
- 28-30
- No. of pages
- 3
- ISSN
- 0165-1765
- DOI
- https://doi.org/10.1016/j.econlet.2017.05.021
- Publication date
- 08-2017
- Peer reviewed
- Yes
- Austrian Fields of Science 2012
- 502052 Business administration
- Keywords
- ASJC Scopus subject areas
- Economics and Econometrics, Finance
- Portal url
- https://ucrisportal.univie.ac.at/en/publications/d85fa6e3-bf1c-4769-8917-cf808feb9065