Demand for intermediate goods on high-tech markets with imperfect competition

  • Tatiana Nikolaevna Gogoleva Voronezh State University
  • Nikita Sergeevich Rogatnev Voronezh State University
Keywords: vertical integration, high-tech, scale effect, imperfect competition, oligopoly, intermediate demand

Abstract

The article points out how the features of production process in high-tech affects industrial market structure. The upstream market demand model was developed using dynamic Bertrand competition model extended by variable scale-effect proposition. Resulting model helps to estimate vertical integration/disintegration decisions made by high-tech companies.

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Author Biographies

Tatiana Nikolaevna Gogoleva, Voronezh State University

Dr. Sci. (Econ.), Head of the Department of Economic Theory and World Economy

Nikita Sergeevich Rogatnev, Voronezh State University

Postgraduate Student, Department of Economic Theory and World Economy

Published
2014-12-31
How to Cite
Gogoleva, T. N., & Rogatnev, N. S. (2014). Demand for intermediate goods on high-tech markets with imperfect competition. Proceedings of Voronezh State University. Series: Economics and Management, (4), 166-173. Retrieved from https://journals.vsu.ru/econ/article/view/10015
Issue
No 4 (2014): October-December
Section
S

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