Procurement of advanced inputs and welfare-reducing vertical integration

DOI10.1007/S00712-021-00759-3MaRDI QIDQ2134170zbMATH OpenOpenAlexFDO

Authors Chul-Hi Park, Toshihiro Matsumura, Sang-Ho Lee

Publication date 6 May 2022

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-021-00759-3

zbMATH Keywords

make-or-buy decisioncommitment to procureCSR procurementdemand-enhancing inputs

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Integrated optimization of procurement, processing, and trade of commodities
• Optimal Procurement Mechanisms
• Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions
• Heterogeneity-promoting optimal procurement.
• On the welfare effects of vertical integration: opportunism vs. double marginalization
• Efficiency versus optimality in procurement
• Welfare reducing vertical licensing in the presence of complementary inputs
• Supply chain contracting with product substitution and partial vertical integration
• How increasing supplier search cost can increase welfare

Cites work

• Eco-firms and the sequential adoption of environmental corporate social responsibility in the managerial delegation
• Exclusive contracts and bargaining power
• Strategic environmental corporate social responsibility in a differentiated duopoly market
• Vertical integration as a source of hold-up

Cited in

(6)

• On the welfare effects of vertical integration: opportunism vs. double marginalization
• Welfare reducing vertical licensing in the presence of complementary inputs
• Informal input suppliers, quality choice and welfare
• Vertical integration without intrafirm trade
• Vertical mergers with input substitution: double marginalization, foreclosure and welfare
• Backward Integrated Information Gatekeepers and Independent Divisions in the Product Market

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