caa a22 4500 469042761 CHVBK 20180323132815.0 cr unu---uuuuu 170328e19920301xx s 000 0 eng 10.1007/BF00354844 doi (NATIONALLICENCE)springer-10.1007/BF00354844 Hamilton James Department of Finance and Business Economics, Wayne State University, 48202, Detroit, MI, U.S.A. aut Input substitutability and vertical integration [Elektronische Daten] [James Hamilton] Input substitutability in final production is a well-known motive for noncompetitive input producers to integrate with their customers. In models that characterize the noncompetitive input industry as a pure monopoly, whether such integration would increase or decrease final production is ambiguous. The analysis here breaks the total output effect into factor substitution and market power components and discovers that the output ambiguity is sensitive to the specific model of noncompetitive equilibrium assumed. For the empirically most important cases of industrial organization, the sole effect of input substitutability on output is likely to be an unambiguous output increase. Kluwer Academic Publishers, 1992 Vertical integration nationallicence vertical merger nationallicence noncompetitive equilibria nationallicence factor substitution nationallicence input substitution nationallicence Review of Industrial Organization Kluwer Academic Publishers 7/1(1992-03-01), 29-38 0889-938X 7:1<29 1992 7 11151 https://doi.org/10.1007/BF00354844 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00354844 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hamilton James Department of Finance and Business Economics, Wayne State University, 48202, Detroit, MI, U.S.A aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers 7/1(1992-03-01), 29-38 0889-938X 7:1<29 1992 7 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer