non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one … advantage, the integrating party gains more from deviating than any party under non-integration. Hence, integration is preferred …, if relational contracts are not sustainable, while, otherwise, non-integration may well be preferred. Moreover, it is …

non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one … advantage, the integrating party gains more from deviating than any party under non-integration. Hence, integration is preferred …, if relational contracts are not sustainable, while, otherwise, non-integration may well be preferred. Moreover, it is …

non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one … advantage, the integrating party gains more from deviating than any party under non-integration. Hence, integration is preferred …, if relational contracts are not sustainable, while, otherwise, non-integration may well be preferred. Moreover, it is …

integrating party gains much more from deviating than does any party under non-integration. …

ex-post renegotiation and non-integration, analyse equilibrium investment incentives, and show that vertical integration …