Location

260-055, Owen G. Glenn Building

Start Date

12-15-2014

Description

Recent industry developments motivate the study of cross-market firm integrations, which often raises controversies and regulatory concerns due to the potential negative effects through the integrated firms’ sabotage activities. In this paper, we analyze integrations of firms in two interrelated markets that produce complementary products. Two firms compete with differentiated products in each market. A unique phenomenon arises in this setting as the integrated firm could engage in bilateral sabotage, i.e., sabotage its rival in both markets. Interestingly, we find that the integrated firm does not always engage in bilateral sabotage. Depending on market conditions, it may engage in unilateral sabotage or no sabotage at all. Our findings provide important managerial and policy implications.

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Dec 15th, 12:00 AM

Cross-Market Integration and Sabotage

260-055, Owen G. Glenn Building

Recent industry developments motivate the study of cross-market firm integrations, which often raises controversies and regulatory concerns due to the potential negative effects through the integrated firms’ sabotage activities. In this paper, we analyze integrations of firms in two interrelated markets that produce complementary products. Two firms compete with differentiated products in each market. A unique phenomenon arises in this setting as the integrated firm could engage in bilateral sabotage, i.e., sabotage its rival in both markets. Interestingly, we find that the integrated firm does not always engage in bilateral sabotage. Depending on market conditions, it may engage in unilateral sabotage or no sabotage at all. Our findings provide important managerial and policy implications.