@article{oai:nagoya.repo.nii.ac.jp:00028478,
 author = {Adachi, Takanori},
 issue = {E19-7},
 journal = {Economic Research Center Discussion Paper},
 month = {Aug},
 note = {By using Weyl and Fabinger's (2013) conduct parameter approach, this note extends Hong and Li's (2017) model of vertical structure to include downstream and upstream competition. It is shown that if the upstream sector become more competitive, the effect from markup adjustment by upstream firms, which lowers cost pass-through elasticity, is weakened ceteris paribus, whereas the countervailing effect that arises from the presence of downstream firms' own cost is strengthened. In contrast, cost pass-through elasticity (not the cost pass-through itself) becomes unambiguously lower if the downstream sector becomes more competitive., I am grateful to a Grant-in-Aid for Scientific Research (C) (18K01567) from the Japan Society of the Promotion of Science.},
 pages = {1--8},
 title = {Hong and Li meet Weyl and Fabinger : Modeling vertical structure by the conduct parameter approach},
 year = {2019}
}