Vertical Foreclosure in Experimental Markets
Title | Vertical Foreclosure in Experimental Markets PDF eBook |
Author | Stephen Martin |
Publisher | |
Pages | 0 |
Release | 2001 |
Genre | |
ISBN |
We report the results of experiments designed to test recent theories of vertical foreclosure. Consistent with the theory, vertical integration improves the upstream firm's ability to commit to restricting output to the monopoly level, as does the use of public contracts. Public contracts are not a perfect substitute for vertical integration, however: integration allows more surplus to be extracted from the unintegrated downstream firm, a bargaining effect that has been underemphasized in the recent foreclosure literature. Motivated by some observations that are difficult to reconcile with existing theory, we extend the theory to allow downstream firms to have heterogeneous (rather than purely passive or symmetric) out-of-equilibrium beliefs.
Vertical Mergers, Foreclosure and Raising Rivals' Costs - Experimental Evidence
Title | Vertical Mergers, Foreclosure and Raising Rivals' Costs - Experimental Evidence PDF eBook |
Author | Hans-Theo Normann |
Publisher | |
Pages | 29 |
Release | 2010 |
Genre | |
ISBN | 9783863040048 |
U.S. Department of Justice Merger Guidelines
Title | U.S. Department of Justice Merger Guidelines PDF eBook |
Author | United States. Department of Justice. Antitrust Division |
Publisher | |
Pages | 40 |
Release | 1984 |
Genre | Antitrust law |
ISBN |
Research Handbook on Behavioral Law and Economics
Title | Research Handbook on Behavioral Law and Economics PDF eBook |
Author | Joshua C. Teitelbaum |
Publisher | Edward Elgar Publishing |
Pages | 545 |
Release | 2018-03-30 |
Genre | Business & Economics |
ISBN | 1849805687 |
The field of behavioral economics has contributed greatly to our understanding of human decision making by refining neoclassical assumptions and developing models that account for psychological, cognitive, and emotional forces. The field’s insights have important implications for law. This Research Handbook offers a variety of perspectives from renowned experts on a wide-ranging set of topics including punishment, finance, tort law, happiness, and the application of experimental literatures to law. It also includes analyses of conceptual foundations, cautions, limitations and proposals for ways forward.
Empirical Evidence on Vertical Foreclosure
Title | Empirical Evidence on Vertical Foreclosure PDF eBook |
Author | Eric S. Rosengren |
Publisher | |
Pages | 38 |
Release | 1993 |
Genre | Consolidation and merger of corporations |
ISBN |
The Notion of Restriction of Competition
Title | The Notion of Restriction of Competition PDF eBook |
Author | Damien Gerard |
Publisher | Bruylant |
Pages | 336 |
Release | 2017-03-16 |
Genre | Law |
ISBN | 2802757555 |
The transformations induced by the process of “modernisation”, including in its substantive dimension, as well as recent judgments by the EU Courts, have left many lawyers and economists wary as to the standards actually governing findings of antitrust infringement under EU competition law, thereby affecting their ability to advise businesses effectively on the design of their commercial practices. While not ignoring institutional constraints, this volume revisits the notion of restriction of competition in the framework of Articles 101 and 102 TFEU with a view to taking stock of recent developments, to identifying common trends and to informing the application of core EU antitrust principles in current market contexts. Associating lawyers and economists, practitioners and academics, it seeks both to revisit long-standing theories of harm to competition and to explore novel forms of antitrust concerns.
Exclusive Dealing and Market Foreclosure
Title | Exclusive Dealing and Market Foreclosure PDF eBook |
Author | Claudia Landeo |
Publisher | |
Pages | 22 |
Release | 2012 |
Genre | |
ISBN |