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Klein, Joachim; Zenger, Hans - 2009

While the previous literature on exclusive dealing has been concerned with the question of how exclusive dealing can raise static profits, this paper analyzes the question of how exclusive dealing can be used to predate in a dynamic context. It is shown that exclusive dealing may arise even if...

Persistent link: https://www.econbiz.de/10010427547

Can Naked Exclusion Be Procompetitive?

Gratz, Linda; Reisinger, Markus - 2012

Antitrust scholars have argued that exclusive contracts have anticompetitive, or at best neutral effects, if no efficiencies are generated. In contrast, this paper shows that exclusive contracts can have procompetitive effects, provided buyers are imperfect downstream competitors and contract...

Persistent link: https://www.econbiz.de/10010427620

Merger Policy and Tax Competition

Haufler, Andreas; Schulte, Christian - 2007

In many situations governments have sector-specific tax and regulation policies at their disposal to influence the …

Persistent link: https://www.econbiz.de/10010427479

A Model of Vertical Oligopolistic Competition

Reisinger, Markus; Schnitzer, Monika - 2008

This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...

Persistent link: https://www.econbiz.de/10010427530

Investment Incentives and Electricity Spot Market Design

Grimm, Veronika; Zöttl, Gregor - 2010

In liberalized electricity markets strategic firms compete in an environment characterized by fluctuating demand and non-storability of electricity. While spot market design under those conditions by now is well understood, a rigorous analysis of investment incentives is still missing. Existing...

Persistent link: https://www.econbiz.de/10010427559

Price Discrimination in Input Markets: Quantity Discounts and Private Information

Herweg, Fabian; Müller, Daniel - 2011

We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...

Persistent link: https://www.econbiz.de/10010427606

The Optimal Regulation of Credit Rating Agencies

Forster, Josef - 2008

& Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing … regulation is costly. The model shows that minimum rating standards increase the social value of credit ratings. The model also … analyzes implications for regulation in the presence of conflicts of interest between the CRA and the rated clients by direct …

Persistent link: https://www.econbiz.de/10010427528

Why were FIFA World Cup Tickets so cheap? Monopoly Pricing, Demand Quality and Two-Sided Markets

Eichhorn, Christoph; Sahm, Marco - 2007

We examine the pricing decision of a multi-product monopolist in a two-sided market where the type structure of buyers on one side of the market is an important determinant of profit on the other side. In this situation it might be optimal to set prices below the maximum sellout price and to...

Persistent link: https://www.econbiz.de/10010427511

The Political Economy of Privatization. Why Do Governments Want Reforms?

Börner, Kira - 2004

International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned firm. Different government types are compared to...

Persistent link: https://www.econbiz.de/10010427393

The Political Economy of Corruption and the Role of Financial Institutions

Börner, Kira; Hainz, Christa - 2004

In transition and developing countries, we observe rather high levels of corruption even if they have democratic political systems. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. Our model is based on the fact...

Persistent link: https://www.econbiz.de/10010427404