Author(s):	Yossi Spiegel
Publication Date:	August 2013
Keyword(s):	backward integration, consumer surplus, controlling and passive integration, forward integration, investment, vertical foreclosure, vertical integration
JEL(s):	D43, L41
Programme Areas:	Industrial Organization
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=9617

I show that partial vertical integration may either alleviates or exacerbate the concern for vertical foreclosure relative to full vertical integration and I examine its implications for consumer welfare.