Choi, Jay Pil; Yi, Sang-Seung - 1996
One of the most enduring controversies in antitrust concerns the potential foreclosure effects of vertical integration …. In a recent paper, Ordover, Saloner and Saloner and Salop (1990) construct a model of vertical integration in which … integrated firm cannot make the price commitment. In this paper, we reexamine the foreclosure theory of vertical integration by …