The separation between ownership and control has become common practice over the last
century, in most medium and large firms across the world. Throughout the twentieth century …

In his bookStrategies of Commitment, Nobel Prize winner Thomas Schelling discusses
several examples of the functioning of commitment strategies and their importance …

We characterize the degree of price discretion that two competing manufacturers grant their
retailers in a framework where demand is uncertain and privately observed by the retailers …

We study a model where an endogenous number of competing manufacturers located
around a circle contract with exclusive retailers who are privately informed about their costs …

While the literature has generally found that vertical separation helps buffer competition and
harm consumers in a duopolistic market, we find the exact opposite. To induce the retailers …

The mathematical model determines how firms can leverage their advantages to increase
their market share. Represented as vortex, firms increase their market scope using …

This paper studies the welfare effects of location space constraints when the duopoly sellers
are vertically separated. As the downstream firms respond to higher input prices by locating …

Existing studies on cross holding usually overlook the effects of vertically related markets.
Our paper, by considering different upstream market structures, highlights the importance of …

Start-up companies usually bring new ideas to the market. However they struggle to
develop, grow, and stay because of competition and the existence of today's discerning …

This paper is the first to investigate an alternative approach of privatization: privatizing only a
subsidiary of a public firm. In a mixed duopoly model, instead of assuming that a public firm …