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 …

Friedrich A. von Hayek’s (1899-1992) view of competition as a discovery process is well known but little used. His … view of competition less relevant to the digital economy? Even Hayek had doubts. Unlike most ‘Austrian economists’ Hayek … I critically assess Hayek’s views on competition, monopoly and antitrust, and their relevance to the ‘digital economy’ …