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[PENDING] Upstream Competition between Vertically Integrated Firms

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Figure 1: Structure of the model.
Figure 2 offers a graphical representation of the profit functions π (i) i (.), π j (i) (.) and π (i) d (.).
Figure 2: Profits in the symmetric linear case (γ ≥ ¯ γ).
Figure 3: The three regions of Proposition 11
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