Kodak and Xerox are two recent, celebrated, and conflicting antitrust decisions. Both cases involve defendant firms that owned intellectual property and that refused to deal with independent service organizations. The most likely explanation for these refusals to deal was that both defendants...

The costs of using rigid, inherently imperfect, long-term contracts to solve potential holdup problems, and the corresponding flexibility advantages of vertical integration, are illustrated by the Fisher Body-General Motors case. The holdup of General Motors by Fisher Body is shown to have...

This insightful two-volume set presents a careful selection of the most important published papers on the economics of antitrust law. The collection focuses on areas of major importance including market power, horizontal arrangements, and vertical arrangements and exclusionary behaviour. It...