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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 …
Persistent link: https://www.econbiz.de/10014188452
mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
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
This study constructs a model for examining anticompetitive exclusive supply contracts that prevent an upstream supplier from selling input to a new downstream firm. With regard to the technology to transform the input produced by the supplier, as an entrant becomes increasingly efficient, its...
Persistent link: https://www.econbiz.de/10009775790
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 …
Persistent link: https://www.econbiz.de/10014126754
Microsoft's monopoly as it was claimed by the courts within their 'applications barrier to entry' theory. I claim that current … courts' underlying economic paradigm regarding the assessment of monopoly power in 'New Economy Network Markets' was strongly … influenced by BRIAN W. ARTHUR's theory of path dependence claiming (1) that high-technology markets being subject to network …
Persistent link: https://www.econbiz.de/10003958724
The reluctance of antitrust to condemn parallel exclusion permits oligopolies to be entrenched. This is because parallel exclusion — multiple-firm conduct that inhibits market entrants — cannot satisfy the current strictures of monopolization, which is understood to prohibit single-firm...
Persistent link: https://www.econbiz.de/10012994512
complement is a duopoly, whereas the other is a monopoly. In such framework, when products are highly di¤erentiated, the low …
Persistent link: https://www.econbiz.de/10014207353
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
this points to online platforms facing sleepless nights since any online platform that tries the quiet life of monopoly …
Persistent link: https://www.econbiz.de/10012951065