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Stefan Bühler
Title
Prof. Dr.
Last Name
Bühler
First name
Stefan
Email
stefan.buehler@unisg.ch
ORCID
Phone
+41 71 224 2303
Homepage
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PublicationThe Investment Effects of Price Caps under Imperfect Competition : A NoteWe examine the impact of price cap regulation on the capacity investments of oligopolistic suppliers facing time-varying demand. We find that binding price caps set above long-run marginal cost increase (rather than decrease) aggregate capacity investment.Type: journal articleJournal: Economics LettersVolume: 106Issue: 2
Scopus© Citations 2 -
PublicationIntimidating Competitors : Endogenous Vertical Integration and Downstream Investment in Successive OligopolyThis paper examines the interplay of endogenous vertical integration and cost-reducing downstream investment in successive oligopoly. Analyzing a linear Cournot model, we establish the following key results: (i) Vertical integration increases own investment and decreases competitor investment (intimidation effect). (ii) Asymmetric integration is a non-degenerate equilibrium outcome. (iii) Compared to a benchmark model without investment, complete vertical separation is a less likely outcome. We argue that these findings generalize beyond the linear Cournot model under reasonable assumptions.Type: journal articleJournal: International Journal of Industrial OrganizationVolume: 26Issue: 1
Scopus© Citations 30