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Vertical integration under external shocks: A theoretical approach

Simar, Hadrien
(2018)

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Details

Supervisors
Johnen, Johannes
Faculty
Faculté des sciences économiques, sociales, politiques et de communication
Degree label
Master [120] en sciences économiques, orientation générale
Abstract
This thesis tries to determine --- with two two-stage Cournot models --- how external shocks impact the decision of integration as well as what could be the main advantages to do so. I develop three cases that establish either the impact of market size (upstream and downstream) and the effect of waves of integration in an industry. Furthermore, I discuss integration with external suppliers/manufacturers.