Abstract
The “conventional wisdom” with respect to the advantages to be gained through vertical integration are highly overrated. That associated with increased efficiency tops the list. Also, those advocating vertical integration have tended to ignore the preticketing phenomenon. In these cases the best that can be said is that there may exist a neutral effect. On the other hand, empirical analysis shows that, at the worost, negative effects may prevail.
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Boyle, S.E., Piette, M.J. Neglected elements in vertical integration analysis: The case of retail price preticketing. Rev Ind Organ 1, 69–77 (1984). https://doi.org/10.1007/BF02354136
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DOI: https://doi.org/10.1007/BF02354136