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DTSTART;TZID=Europe/Oslo:20141201T143000
DTEND;TZID=Europe/Oslo:20141201T153000
DTSTAMP:20260423T014739
CREATED:20141112T114744Z
LAST-MODIFIED:20141117T160030Z
UID:3339-1417444200-1417447800@beccle.no
SUMMARY:Partial Vertical Ownership
DESCRIPTION:We are pleased to invite you to a seminar on partial vertical ownership\, Monday 1 December.\n  \nSpeakers:\nRicardo Gonçalves\nAssistant Professor\, the Faculty of Economics and Management\, Catholic University of Porto\n  \nLocation: Room E209\, Economic Department\, Norwegian School of Economics (NHH)\n \nThe seminar will not be streamed live\n \nThe seminar will be held in English\n \nOn the Topic:\nGonçalves analyses the market impact of a partial vertical integration whereby a retail firm acquires a non-controlling stake in the capital of an upstream firm\, which supplies an essential input. In addition\, he assume that this upstream firm can price discriminate between two groups of retail firms: the retail firm which (now) owns a stake in its capital and all of its retail rivals. Although apparently counter intuitive\, we find that it is profit-maximizing for the upstream firm to discriminate against its retail shareholder. Compared to a vertical separation scenario\, this partial vertical integration induces input foreclosure\, higher retail prices and lower social welfare. From a competition policy viewpoint\, this suggests that such partial vertical integrations should be analyzed with particular concern.
URL:https://beccle.no/event/3339/
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