Quotation Kopel, Michael, Löffler, Clemens, Pfeiffer, Thomas. 2017. Complementary monopolies and multi-product firms. Economics Letters 157, 28-30.


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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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economics Letters
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, VW-B, WH-B
Language English
Title Complementary monopolies and multi-product firms
Volume 157
Year 2017
Page from 28
Page to 30
Reviewed? Y
URL http://www.sciencedirect.com/science/article/pii/S0165176517301994
DOI http://dx.doi.org/10.1016/j.econlet.2017.05.021

Associations

People
Löffler, Clemens (Former researcher)
External
Kopel, Michael (University of Graz, Austria)
Pfeiffer, Thomas (University of Vienna, Austria)
Organization
Institute for Corporate Governance IN (Details)
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