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We study contracts between a single retailer and multiple suppliers of two substitutable products, where suppliers have fixed capacities and present the retailer cost contracts for their supplies. After observing the contracts, the retailer decides how much capacity to purchase from each...
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In liability lawsuits (e.g. patent infringement) a plaintiff demands compensation from a defendant and the parties often negotiate a settlement to avoid a costly trial. Liability insurance creates bargaining leverage for the defendant in this settlement negotiation. We study the characteristics...
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from those addressed by contract law. When sellers agree on contract terms, they eliminate competition among themselves on … in themselves, because the standard contract can eliminate competition among reasonable terms. Fundamentally, the … standardization of other “products” nor whether and how contract law should alter the competition analysis. This Article addresses the …
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for the organizations. The competition in the markets are different from that 10 years ago, and will probably have changed …
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