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Mitigating Incentive Conflicts in Inter-Firm Relationships : Evidence from Long-Term Supply Contracts
Costello, Anna M. - 2013
asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter …
Persistent link: https://www.econbiz.de/10013086012
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Relationship-Specificity, Contract Enforceability, and Income Smoothing
Dou, Yiwei - 2013
find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …
Persistent link: https://www.econbiz.de/10013087098
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Relationship-Specificity, Contract Enforceability, and Income Smoothing
Dou, Yiwei - 2012
find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …
Persistent link: https://www.econbiz.de/10013115472
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Contract Structure and Relationship-Specific Investments : Empirical Evidence from Coal Markets
Tang, Meng-Chi - 2010
Joskow (1987) examined the importance of specific investments to the contract duration of coal contracts. Since … examines how the level of specific investments affect the design of coal contract structure, namely the simultaneous choices of … contract duration and pricing provision. The empirical results show that, from both the separate and joint estimations, the …
Persistent link: https://www.econbiz.de/10013134866
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The Identification and Measurement of Market Power and Entry Barriers in Markets Featuring 'Platform' Businesses
Downes, Larry - 2019
In response to the increasing popularity and economic impact of companies in the Internet ecosystem, the Federal Trade Commission is being implored with vocal but factually vacant calls to revisit its approach to antitrust, and in particular market power, barriers to entry and anti-competitive...
Persistent link: https://www.econbiz.de/10012892718
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The Anticompetitive Effects of Vertical Most-Favored-Nation Restraints and the Error of Amex
Carlton, Dennis W. - 2019
This paper illustrates the underlying economic logic behind the anticompetitive effects of what Ralph Winter and I have labeled vertical most favored nation restraints in Carlton and Winter (2018). Those are restraints in which one supplier tells a retailer that the retailer cannot set the...
Persistent link: https://www.econbiz.de/10012893542
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Collusive effects of a monopolist's use of an intermediary to deliver to retailers
Teichmann, Isabel; Schlippenbach, Vanessa von - 2014
A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10010467434
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Collusive Effects of a Monopolist's Use of an Intermediary to Deliver to Retailers
Teichmann, Isabel - 2015
A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10013029871
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Vertical Restraints in Health Care Markets
Halbersma, Rein - 2011
We analyze health care option demand markets with vertical restraints divided along two dimensions: naked and conditional exclusion, and vertical integration; applicable to the upstream, the downstream, and both markets. Our unified framework includes forward and backward integration, and joint...
Persistent link: https://www.econbiz.de/10013131053
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Information Exchange in Hub-and-Spoke Cartels
Do, Jihwan - 2023
Motivated by recent antitrust cases, a hub-and-spoke collusive mechanism involving multiple downstream firms and their common upstream supplier is explored. To this end, I develop a repeated sequential game in which downstream firms receive private demand signals and send private messages to the...
Persistent link: https://www.econbiz.de/10014344897