How do the authors define vertical foreclosure

Reference no: EM133425764

You will need to read the Domnenko and Sibley ("D-S") paper, which is in your Course Readings folder. Don't get hung up on the vGUPPI discussion. Just read the basic setup, the other non-math parts, and look carefully at the scatter plots. The scatter plots are key to answering the questions below.

Question 1. How do the authors define vertical foreclosure? Do they have more than one definition? Justify your answer.

Question2. Do you see any evidence that the mergers studied in D-S solve a double-markup problem? Justify your answer.

Question 3. Do the simulations discussed in D-S imply that we should be worried about vertical foreclosure?

Reference no: EM133425764

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