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Efficient Vertical Merger Waves with Heterogenous Suppliers

Padilla, Jorge; Piccolo, Salvatore - 2023

Throughout history, vertical merger waves have played a crucial role in shaping industries and market structures … merger waves increase market power and enable the exclusion of non-integrated downstream competitors. On the other hand … narrative and supports the idea that downstream exclusion is the main out- come of such merger waves. Nevertheless, we contend …

Persistent link: https://www.econbiz.de/10014345586

Single monopoly profits, vertical mergers, and downstream entry deterrence

Hunold, Matthias; Schad, Jannika Leonie - 2021

We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits …

Persistent link: https://www.econbiz.de/10012704705

Predatory exclusive dealing

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/10003951748

Optimal conservatism and collective monetary policymaking under uncertainty

Hefeker, Carsten; Zimmer, Blandine - 2014

We study how the optimal degree of conservatism relates to decision-making procedures in a Monetary Policy Committee (MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated by the presence of uncertainty about the committee...

Persistent link: https://www.econbiz.de/10010391838

Resale Price Maintenance and Restrictions on Dominant Firm and Industry-Wide Adoption

Foros, Øystein - 2010

We consider a model in which firms use resale price maintenance (RPM) to dampen competition. We find that even though the motive for using RPM is thus anticompetitive, market forces may limit the overall adverse impact on consumers. Indeed, we find that when there are a large number of firms in...

Persistent link: https://www.econbiz.de/10013138915

Three Key Principles for Revising the Horizontal Merger Guidelines

Muris, Timothy J. - 2012

The analytical framework of the Horizontal Merger Guidelines, first introduced by Bill Baxter in 1982, has been adopted …, former Assistant Attorney General Charles James called the 1982 Merger Guidelines “Giant Steps” in the development of …

Persistent link: https://www.econbiz.de/10013101574

A Profitable Pricing Strategy for Tie in Sales : A Look at Webkinz

Nieberding, James F. - 2013

This article discusses the economic principles behind the ability of a dominant firm to leverage its market power over one product into another market using a tying arrangement like that described in the Webkinz Antitrust Litigation. A simple example is presented to illustrate that under certain...

Persistent link: https://www.econbiz.de/10013088855

Exclusive Contracts When the Incumbent can Establish a Direct Retailer

Kitamura, Hiroshi - 2014

This paper constructs a model of anticompetitive exclusive dealings with potential downstream competition. Unlike in previous studies, the incumbent can establish a direct retailer with some fixed payment and can offer an exclusive contract to a downstream buyer twice. We show that the existence...

Persistent link: https://www.econbiz.de/10013067233

Naked Exclusion Under Exclusive-Offer Competition

Kitamura, Hiroshi - 2018

This study constructs a model of anticompetitive exclusive-offer competition between two existing upstream firms. Under exclusive-offer competition, the upstream firm's profit depends on the rival's exclusive offer. If the rival makes an exclusive offer acceptable for the downstream firm, the...

Persistent link: https://www.econbiz.de/10012926190

Why the Dynamics of Competition for Online Platforms Leads to Sleepless Nights But Not Sleepy Monopolies

Evans, David S. - 2017

Recent claims that online platforms have secured permanent monopolies, protected by barriers to entry from network effects and stockpiles of data, and should be the focus of intense antitrust and regulatory scrutiny, are inconsistent with the economics, technology, and history of online...

Persistent link: https://www.econbiz.de/10012951065