|
摘要
|
The paper examines the welfare effects of
wholesale price discrimination in a vertically related market. In the model
an upstream monopolist sells an input to the downstream duopolists
which engage in strategic technology protections. Downstream firms’
technology protections can strategically affect the wholesale prices in the
context of price discrimination. The discriminatory monopolist tends to
charge higher unit wholesale prices to the downstream firm with a lower
effective marginal cost, thereby dampening a downstream firm’s incentives to
prevent technology from spilling over to the rival. As a result, wholesale
price discrimination reduces downstream firms’ production costs and benefits
all together consumers and firms.
|