Bose, Arup ; Pal, Debashis ; Sappington, David E.M. (2017) Pricing to preclude sabotage in regulated industries International Journal of Industrial Organization, 51 . pp. 162-184. ISSN 0167-7187
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Official URL: http://doi.org/10.1016/j.ijindorg.2017.01.004
Related URL: http://dx.doi.org/10.1016/j.ijindorg.2017.01.004
Abstract
We characterize the optimal access price and retail price for a vertically-integrated incumbent supplier (V) that faces limited competition from a new entrant in the retail sector. The optimal prices provide V with a relatively high wholesale profit margin and a relatively low retail profit margin. Consequently, V has no incentive to raise the costs of its retail rival.
| Item Type: | Article |
|---|---|
| Source: | Copyright of this article belongs to Elsevier Science. |
| ID Code: | 135038 |
| Deposited On: | 18 Jan 2023 07:56 |
| Last Modified: | 18 Jan 2023 07:56 |
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