Vertical monopoly power, profit and risk: The British beer industry, c.1970–c.2004
通过分析英国啤酒产业的盈余和风险分配，研究了垂直供应链关系中的风险转移，比较了不同垂直所有权模式对酒吧公司和租户的影响。
By investigating surplus and risk distribution in the British brewing industry, this paper shows that risk and risk transfer are important dimensions of vertical supply chain relationships. A comparative financial analysis shows the effects of models of vertical ownership before and after the break-up of producer controlled tenanted estates and the strategy and performance of pub-owning companies. Contrasting mechanisms for controlling the capture of surplus and division of risk are evaluated. The paper complements prior studies that have concentrated on the brewers by assessing winners and losers amongst pub owning companies and tenants in different models of vertical organisation and how they might be effectively regulated.