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Antitrust
Kaplow, Louis; Shapiro, Carl - National Bureau of Economic Research (NBER) - 2007
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...
Persistent link: https://www.econbiz.de/10005049968
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Exclusive Dealing
Bernheim, B. Douglas; Whinston, Michael - National Bureau of Economic Research (NBER) - 1996
In this paper, we provide a conceptual framework for understanding the phenomenon of exclusive dealing, and we explore the motivations for and effects of its use. For a broad class of models, we characterize the outcome of a contracting game in which manufacturers may employ exclusive dealing...
Persistent link: https://www.econbiz.de/10005828719
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How Wide is the Scope of Hold-Up-Based Theories? Contractual Form and Market Thickness in Trucking
Hubbard, Thomas N. - National Bureau of Economic Research (NBER) - 1999
How far do the contractual implications of hold-up-based theories (Klein, Crawford, and Alchian (1978), Williamson (1979, 1985)) extend? I investigate this in the context of trucking. Quasi-rents in trucking are generally smaller than in the contexts studied in the previous empirical literature....
Persistent link: https://www.econbiz.de/10005829712
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Exclusionary Minimum Resale Price Maintenance
Asker, John; Bar-Isaac, Heski - National Bureau of Economic Research (NBER) - 2010
An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down- stream competition and the breakdown of RPM. Hence,...
Persistent link: https://www.econbiz.de/10008756460
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Efficiency and Foreclosure Effects of All-Units Discounts: Empirical Evidence
Mortimer, Julie Holland; Conlon, Christopher T. - National Bureau of Economic Research (NBER) - 2013
, which are common in many industries, potentially have both efficiency and foreclosure effects. Using a new dataset … containing detailed information on the sales and rebate payments of a retailer in the confections industry, we estimate … examine the impact of various upstream mergers on the willingness of the dominant manufacturer to offer rebate contracts, and …
Persistent link: https://www.econbiz.de/10010796569
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Why Tie A Product Consumers Do Not Use?
Carlton, Dennis W.; Waldman, Michael; Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2007
This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...
Persistent link: https://www.econbiz.de/10005714129
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Pricing Decisions in Franchised Chains: A Look at the Restaurant and Fast-Food Industry
Lafontaine, Francine - National Bureau of Economic Research (NBER) - 1995
This paper examines empirical issues of pricing and price dispersion within franchised restaurant and fast-food chains. Given the per se illegality of resale price maintenance (RPM) under current U.S. Antitrust laws, and the fact that franchised outlets are independent businesses under the law,...
Persistent link: https://www.econbiz.de/10005714470
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Antidumping and Retaliation Threats
Blonigen, Bruce A.; Bown, Chad P. - National Bureau of Economic Research (NBER) - 2001
and analyzing U.S. AD cases between 1980 and 1998, we find significant empirical evidence consistent with the theory that …
Persistent link: https://www.econbiz.de/10005828733
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Competition and Political Organization: Together or Alone in Lobbying for Trade Policy?
Trebbi, Francesco; Bombardini, Matilde - National Bureau of Economic Research (NBER) - 2009
This paper employs a novel data set on lobbying expenditures to measure the degree of within-sector political organization and to explore the determinants of the mode of lobbying and political organization across U.S. industries. The data show that sectors characterized by a higher degree of...
Persistent link: https://www.econbiz.de/10005829070
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Predation and Its Rate of Return: The Sugar Industry, 1887-1914
Genesove, David; Mullin, Wallace P. - National Bureau of Economic Research (NBER) - 1997
We study entry into the American sugar refining industry before World War I. We show that the price wars following two major entry episodes were predatory. Our proof is twofold: by direct comparison of price to marginal cost, and by construction of predicted competitive price cost margins that...
Persistent link: https://www.econbiz.de/10005829079