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This chapter analyzes the private rationale and the social costs and benefits of market foreclosure, here defined as a … vertical foreclosure (in which full access to a bottleneck input is denied to competitors) and provides an overview of the … theory of access to an essential facility in an unregulated environment. It considers a wide array of contexts: possibility …
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between a manufacturer and a retailer lead to vertical foreclosure, to the detriment of consumers and society. Finally, we …
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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
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