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Exclusive Dealing and Vertical Integration in Interlocking Relationships

Nocke, Volker; Rey, Patrick - C.E.P.R. Discussion Papers - 2014

We develop a model of interlocking bilateral relationships between upstream firms (manufacturers) that produce differentiated goods and downstream firms (retailers) that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting...

Persistent link: https://www.econbiz.de/10011084283

Do Vertical Mergers Facilitate Upstream Collusion?

Nocke, Volker; White, Lucy - C.E.P.R. Discussion Papers - 2004

In this Paper we investigate the impact of vertical mergers on upstream firms’ ability to sustain collusion. We show in a number of models that the net effect of vertical integration is to facilitate collusion. Several effects arise. When upstream offers are secret, vertical mergers facilitate...

Persistent link: https://www.econbiz.de/10005791331

Price Squeezes in a Regulatory Environment

Bouckaert, Jan; Verboven, Frank - C.E.P.R. Discussion Papers - 2003

practitioners and economists, taking the existing regulatory environment as fixed. Based on the degree of existing regulation (full …

Persistent link: https://www.econbiz.de/10005497999

Unbundling the incumbent: Evidence from UK broadband

Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank - C.E.P.R. Discussion Papers - 2012

network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines … that over the course of time, many entrants have begun to take advantage of LLU. However, unbundling has little or no … technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …

Persistent link: https://www.econbiz.de/10011083592

Vertical Control of a Distribution Network - An Empirical Analysis of Magazines

Ferrari, Stijn; Verboven, Frank - C.E.P.R. Discussion Papers - 2010

How does an upstream firm determine the size of its distribution network, and what is the role of vertical restraints? To address these questions we develop and estimate two models of outlet entry, starting from the basic trade-off between market expansion and fixed costs. In the coordinated...

Persistent link: https://www.econbiz.de/10008468630

Market Definition with Differentiated Products - Lessons from the Car Market

Brenkers, Randy; Verboven, Frank - C.E.P.R. Discussion Papers - 2005

background of the new block exemption regulation for cars in Europe, we explore an econometric approach to define the relevant … market share thresholds stipulated in the block exemption regulation. We find that, if we would have used an approach based …

Persistent link: https://www.econbiz.de/10005136670

Exclusive dealing as a barrier to entry? Evidence from automobiles

Nurski, Laura; Verboven, Frank - C.E.P.R. Discussion Papers - 2012

Exclusive dealing contracts between manufacturers and retailers force new entrants to set up their own costly dealer networks to enter the market. We ask whether such contracts may act as an entry barrier, and provide an empirical analysis of the European car market. We first estimate a demand...

Persistent link: https://www.econbiz.de/10011083855

Advance-Purchase Discounts as a Price Discrimination Device

Nocke, Volker; Peitz, Martin - C.E.P.R. Discussion Papers - 2008

In an intertemporal setting in which individual uncertainty is resolved over time, advance-purchase discounts can serve to price discriminate between consumers with different expected valuations for the same product. Consumers with a high expected valuation purchase the product before learning...

Persistent link: https://www.econbiz.de/10005123763

Vertical Merger, Collusion, and Disruptive Buyers

Nocke, Volker; White, Lucy - C.E.P.R. Discussion Papers - 2010

In a repeated game setting of a vertically related industry, we study the collusive effects of vertical mergers. We show that any vertical merger facilitates upstream collusion, no matter how large (in terms of capacity or size of product portfolio) the integrated downstream buyer. But a...

Persistent link: https://www.econbiz.de/10008468660

Imperfect Competition, Market Size and Firm Turnover

Asplund, Björn Marcus; Nocke, Volker - C.E.P.R. Discussion Papers - 2000

This paper is motivated by the empirical regularity that industries differ greatly in the level of firm turnover, and that entry and exit rates are positively correlated across industries. Our objective is to investigate the effect of sunk costs and, in particular, market size on entry and exit...

Persistent link: https://www.econbiz.de/10005136712