研討日期

2024111812:10-13:50

研討地點

國立臺灣大學社會科學院710會議室

主講題目

Title of the paper

Strategic Incentives When Supplying to Rivals With an Application to Vertical Firm Structure

作者

Authors of the paper

Serge Moresi, Marius Schwartz

文獻出處

Journal, vol.(issue), pp

International Journal of Industrial Organization

51 (2017) 137–161, 28 Dec 2016

http://dx.doi.org/10.1016/j.ijindorg.2016.12.005

主講人

Micah Mainala

參加人員

黃鴻、林燕淑、施全、許至乙、高國峯、王光正郭文忠王羿傑 Bui Dang-LongAyu Sasni MunteMicah MainalaAnggoro Prihandoko、楊雅棠、蔡美伶、洪睿翔

摘要

Abstract of the Paper

Using the export-rivalry model, we examine the welfare impact of two tariff regimes when firms’ vertical structure is endogenously determined via the strategic behavior of each firm. First, with discriminatory tariffs, if the degree of imperfect substitutability is sufficiently low, the rent-shifting effects of vertical separation becomes less important and firms chooses vertical integration to enjoy lower tariffs, and vice versa if the degree of imperfect substitutability is sufficiently high. However, an asymmetrical vertical structure, i.e., low (high)-cost firm chooses vertical separation (integration), emerges only in the uniform tariffs. Thus, the existence of firms’ diverse vertical structure between tariff systems can arise. Second, although firms are better off if they choose vertical separation, each

firm chooses vertical integration in the discriminatory tariffs (i.e., prisoners’ dilemma). Third, if firms choose vertical integration in the discriminatory tariffs but vertical separation in the uniform ones, they prefer the uniform tariffs as far as cost differential between firms is not large; and the global welfare is greater in the discriminatory than in the uniform tariffs.