theory, the upstream firm has more difficulty commiting to supply the monopoly quantity in treatments with non … existing theory, we extend received theory by allowing downstream subjects to have heterogeneous out-of-equilibrium beliefs (a …

theory, vertical integration improves the upstream firm's ability to commit to restricting output to the monopoly level, as … theory, we extend the theory to allow downstream firms to have heterogeneous (rather than purely passive or symmetric) out …

customers, the resulting entry-deterring monopoly contract is a fixed fee and results in the socially optimal outcome. However …

network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the …

network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the …

that naked exclusion is, in theory, a potentially viable threat to efficient competition. Also striking from an antitrust … perspective, however, is the lack of fit between this theory and the cases in which the United States Supreme Court has forged the …, clearly violate the assumptions of the naked exclusion theory, as we explain in Rasmusen, Ramseyer and Wiley (1998). Two …

that naked exclusion is, in theory, a potentially viable threat to efficient competition. Also striking from an antitrust … perspective, however, is the lack of fit between this theory and the cases in which the United States Supreme Court has forged the …, clearly violate the assumptions of the naked exclusion theory, as we explain in Rasmusen, Ramseyer and Wiley (1998). Two …

complement is a duopoly, whereas the other is a monopoly. In such framework, when products are highly di¤erentiated, the low …