products and vertical structures can affect the exercise of market power. This motivates a generalization of the Herfindahl …-Hirschman index (termed VHHI) capturing how market concentration and vertical structures interact to influence prices of … considers two vertical structures employed by biotech firms: vertical integration and licensing. The econometric analysis finds …

products and vertical structures can affect the exercise of market power. This motivates a generalization of the Herfindahl …-Hirschman index (termed VHHI) capturing how market concentration and vertical structures interact to influence prices of … considers two vertical structures employed by biotech firms: vertical integration and licensing. The econometric analysis finds …