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Transaction Costs and Competition Policy
Carlton, Dennis W. - 2019
) first established the importance of transaction costs to understand the theory of the firm, the study of transaction costs …
Persistent link: https://www.econbiz.de/10012894700
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Vertical MFN's and the Credit Card No-Surcharge Rule
Carlton, Dennis W. - 2018
surcharge for transactions with a particular credit card. This paper sets out a general theory of the vertical MFN restraint and … then applies the theory to credit cards. In a symmetric, differentiated duopoly, the vertical MFN raises price from the … restraint can allow the dominant firm to leverage its power to extract surplus from the entire set of consumers. The theory …
Persistent link: https://www.econbiz.de/10012933807
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Economics of Vertical Restraints for Multi-Sided Platforms
Evans, David S. - 2013
This paper presents an overview of what economists can say about vertical constraints by multi-sided platforms at this stage in the development of our knowledge about the economics of these businesses. It describes the general procompetitive and anticompetitive uses of vertical restraints by...
Persistent link: https://www.econbiz.de/10014162200
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Single monopoly profits, vertical mergers, and downstream entry deterrence
Hunold, Matthias; Schad, Jannika Leonie - 2021
We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits …
Persistent link: https://www.econbiz.de/10012704705
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Vertical Restraints Facilitating Horizontal Collusion : 'Stretching' Agreement in a Comparative Approach
Lubambo, Murilo - 2015
This article discusses the approaches of the European Union (EU) and of the United States (US) to the notions of agreement and concerted practice applied to horizontal collusive consequences of vertical restraints. I conclude that networks of vertical restraints blur the differences between...
Persistent link: https://www.econbiz.de/10014136313
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Cartels and Anti-Competitive Agreements
Marco Colino, Sandra - 2018
Antitrust and competition law have grown dramatically in importance and significance over the last fifty years. US antitrust law has been the principal source of inspiration for jurisdictions wishing to introduce regulation to control cartels and monopolization, and antitrust regulation has now...
Persistent link: https://www.econbiz.de/10012913418
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Vertical integration and downstream collusion
Biancini, Sara; Ettinger, David - 2016
We investigate the effect of a vertical merger on downstream firms' ability to collude in a repeated game framework. We show that a vertical merger has two main effects. On the one hand, it increases the total collusive profits, increasing the stakes of collusion. On the other hand, it creates...
Persistent link: https://www.econbiz.de/10011482885
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Exclusive dealing in the presence of a vertically integrated firm
Bui, Dang-Long; Simanjuntak, Damiana; Zonda, Joe Maganga - In: Estudios de economía 50 (2023) 1, pp. 5-30
This study constructs a successive Cournot model to investigate the possibility that a separated upstream input supplier can solely sell the intermediate good to a separated downstream manufacturer through an exclusive contract in the presence of a vertically integrated rival. We find that the...
Persistent link: https://www.econbiz.de/10014369528
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Vertical Integration and Downstream Collusion
Biancini, Sara - 2016
We investigate the effect of a vertical merger on downstream firms' ability to collude in a repeated game framework. We show that a vertical merger has two main effects. On the one hand, it increases the total collusive profits, increasing the stakes of collusion. On the other hand, it creates...
Persistent link: https://www.econbiz.de/10012987391
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Vertical Restraints (or Restrictions)
Marco Colino, Sandra - 2021
This paper explores the concept of vertical restraints or restrictions. It includes references to the competition law regimes of the European Union (EU), United States (US), and the People's Republic of China, as well as the key case law. It is part of the Concurrences' Global Dictionary of...
Persistent link: https://www.econbiz.de/10013216826