Equilibrium Vertical Foreclosure with Investment
Title | Equilibrium Vertical Foreclosure with Investment PDF eBook |
Author | Jay Pil Choi |
Publisher | |
Pages | 54 |
Release | 1996 |
Genre | Equilibrium (Economics) |
ISBN |
Equilibrium Vertical Foreclosure with Investment
Title | Equilibrium Vertical Foreclosure with Investment PDF eBook |
Author | Jay Pil Choi |
Publisher | |
Pages | 0 |
Release | 1996 |
Genre | Equilibrium (Economics) |
ISBN |
Equilibrium Vertical Foreclosure
Title | Equilibrium Vertical Foreclosure PDF eBook |
Author | Janusz A. Ordover |
Publisher | |
Pages | 42 |
Release | 1988 |
Genre | Equilibrium (Economics) |
ISBN |
Equilibrium Vertical Foreclosure
Title | Equilibrium Vertical Foreclosure PDF eBook |
Author | Ordover Janusz A |
Publisher | Palala Press |
Pages | 56 |
Release | 2016-05-05 |
Genre | |
ISBN | 9781355584599 |
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Investment Specificity, Vertical Integration and Market Foreclosure
Title | Investment Specificity, Vertical Integration and Market Foreclosure PDF eBook |
Author | Frank Bickenbach |
Publisher | |
Pages | 40 |
Release | 1996 |
Genre | Consolidation and merger of corporations |
ISBN |
Vertical Foreclosure with the Choice of Input Specifications
Title | Vertical Foreclosure with the Choice of Input Specifications PDF eBook |
Author | Jay Pil Choi |
Publisher | |
Pages | 0 |
Release | 1998 |
Genre | |
ISBN |
This paper develops an equilibrium model of vertical foreclosure with the choice of input specifications. In this model, vertical foreclosure occurs as the upstream division of the integrated firm makes a specialized input for its sister downstream division while it would, as an independent firm, provide a generalized input. The changes in incentives with vertical integration can be explained by the externalities the choice of a specialized input entails; vertical integration allows the upstream firm to internalize the benefit of raising the rival firm's costs at the downstream level. The choice of a specialized input by the integrated firm serves as a natural commitment mechanism not to supply the rival downstream firms and, thus, enables us to dispense with the controversial price commitment assumption in the literature. We derive conditions for equilibrium vertical foreclosure to occur and discuss its welfare consequences.
The Competitive Effects of Minority Shareholdings
Title | The Competitive Effects of Minority Shareholdings PDF eBook |
Author | Panagiotis Fotis |
Publisher | Bloomsbury Publishing |
Pages | 336 |
Release | 2016-04-07 |
Genre | Law |
ISBN | 1509900888 |
The objective of this book is twofold. First, it presents the economics of minority shareholdings, under both merger and antitrust law. In particular, economic analysis provides both an overall assessment of minority shareholdings in the context of concentrations, and Articles 101 and 102 TFEU and the examination of the link between non-controlling minority shareholdings, merger control and antitrust law. Second, the book also provides a legal assessment and an analysis of selected case law. According to settled European case law, minority shareholdings are analysed not only under Regulation 139/2004, but also under Articles 101 and 102 TFEU. Nevertheless, according to current enforcement practice at European and international levels, several national competition authorities have adopted different approaches. The million dollar question is whether the existing regulatory framework is sufficient to cover all possible cases. In summary, the book will be a useful tool for students, practitioners, researchers, economic and legal experts and competition authorities. It provides a comprehensive survey of the subject, which has been missing until now and answers many questions that have been raised in the literature in the last decades.