The Path of Price Changes in Vertical Integration
研究中间品垄断供应商纵向整合进入竞争性最终品行业时，最终品价格先升后降的路径，并与完全前向整合文献建立联系。
The paper examines the path of final good price changes when a monopoly supplier of an intermediate good vertically integrates into a competitive, constant returns final good industry. I show that the price rises while the monopolist is taking over the downstream industry and then falls after downstream monopolization is complete. The relationship of these results to the existing literature on full forward integration is established.