Abstract
SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.
Abstract
We study a vertical market in which the upstream input market is monopolized and the downstream is composed of a Cournot oligopoly. The downstream firms also choose their internal channel structures strategically. Two main points are made. First, uniform pricing by the monopoly input supplier leads to higher total welfare than under discriminatory pricing. Second, uniform pricing is more profitable than price discrimination for the monopoly input supplier.
Keywords:
Centralized channel, channel structure, Cournot oligopoly, decentralized channel, downstream firms, input price discrimination, monopoly input supplier, subgame perfect Nash equilibrium, upstream input market, vertical market.
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Authors:Bentham Science Books