Author: Volker Nocke Publisher: ISBN: Category : Competition, Imperfect Languages : en Pages : 63
Book Description
We develop a model of interlocking bilateral relationships between upstream firms (manufacturers) that produce differentiated goods and downstream firms (retailers) that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting parties. We show that both exclusive dealing and vertical integration between a manufacturer and a retailer lead to vertical foreclosure, to the detriment of consumers and society. Finally, we show that firms have indeed an incentive to sign such contracts or to integrate vertically.
Author: Christoph Kleineberg Publisher: Springer ISBN: 3030113582 Category : Law Languages : en Pages : 72
Book Description
This book investigates under which circumstances vertical unbundling can lead to a more efficient market result. The assessment is based on an interdisciplinary approach combining law and economics. Drawing on the assessment, circumstances are subsequently presented under which unbundling might become necessary. Additionally, less severe means of regulatory intervention are suggested in order to protect competition. Given its scope, the book is chiefly intended for scholars and practitioners in the field of economic policy and regulation law; in addition, it will give interested members of the public a unique opportunity to learn about the underlying rationales of regulation law and regulation economics.
Author: Panagiotis Fotis Publisher: Bloomsbury Publishing ISBN: 1509900888 Category : Law Languages : en Pages : 397
Book Description
The objective of this book is twofold. First, it presents the economics of minority shareholdings, under both merger and antitrust law. In particular, economic analysis provides both an overall assessment of minority shareholdings in the context of concentrations, and Articles 101 and 102 TFEU and the examination of the link between non-controlling minority shareholdings, merger control and antitrust law. Second, the book also provides a legal assessment and an analysis of selected case law. According to settled European case law, minority shareholdings are analysed not only under Regulation 139/2004, but also under Articles 101 and 102 TFEU. Nevertheless, according to current enforcement practice at European and international levels, several national competition authorities have adopted different approaches. The million dollar question is whether the existing regulatory framework is sufficient to cover all possible cases. In summary, the book will be a useful tool for students, practitioners, researchers, economic and legal experts and competition authorities. It provides a comprehensive survey of the subject, which has been missing until now and answers many questions that have been raised in the literature in the last decades.
Author: Publisher: Elsevier ISBN: 0323915140 Category : Social Science Languages : en Pages : 788
Book Description
Handbook of Industrial Organization, Volume Four highlights new advances in the field, with this new volume presenting interesting chapters written by an international board of expert authors. - Presents authoritative surveys and reviews of advances in theory and econometrics - Reviews recent research on capital raising methods and institutions - Includes discussions on developing countries
Author: Lei Shao (Ph. D.) Publisher: ISBN: Category : Languages : en Pages : 398
Book Description
This dissertation explains new phenomena in platform industries such as wireless communication, video game, online video streaming, e-commerce, mobile app, and etc. It extends the frontier of economic studies in IT industry and gains new insights about classic industrial organization topics such as vertical integration, non-linear pricing, and product differentiation. The three chapters study platforms incentives to use exclusive contracts and the effects of exclusive dealings on consumer welfare in two-sided markets. Each focuses on a different aspect. The first chapter of my dissertation studies a different pro-competitive effect of exclusive contracts other than preventing free riding or inefficient contracting. In two-sided markets, when content providers have heterogeneous interaction benefits (i.e. some content providers benefits more from their interactions with consumers), platforms could use exclusive contracts in addition to non-exclusive contracts to "price discriminate" content providers. This could increase the number of participating content providers, which increases both consumer welfare and social welfare through the network effects. The second chapter of my dissertation investigates the effects of content heterogeneity on platforms' competition strategies and explains why many two-sided markets do not tip. Exclusive content appealing to the general public could enhance network effects. On the other hand, exclusive distinctive content could differentiate platforms. Thus, if there exists sufficiently contrasting content, both platforms would choose differentiation in equilibrium in order to soften competition and popular content would turn out to be non-exclusive so that the market does not tip. The third chapter of my dissertation explains why even though exclusive dealing has many benefits to firms, platforms in two-sided markets do not use "forced exclusivity" contracts. Instead, they negotiate both exclusive and non-exclusive contracts with content providers and let content providers decide which type of contract to sign. In addition, smaller bargaining power of platforms, difference in amounts of proprietary content, or consumer surplus per content makes content providers more willing to sign non-exclusive contracts.
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management Publisher: ISBN: Category : Corporations Languages : en Pages : 1012
Author: Volker Nocke
Author: Patrick Rey
Author: Yongmin Chen
Author: Myung-Joong Kwon
Author: Seung-cheol Lee
Author: Christoph Kleineberg
Author: Panagiotis Fotis
Author: 
Author: Lei Shao (Ph. D.)
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management