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Author: Jaedo Choi Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
We investigate a vertically integrated theater's contract and screen allocation decisions in a movie industry characterized by demand uncertainty, price uniformity, and revenue-sharing contracts. Based on a simple theoretical model that describes the decisions of theaters and movie distributors, we derive two mechanisms of foreclosure behavior, termed the selection and allocation effects herein. Our empirical results suggest that integrated theaters not only impose a higher quality standard for movies from independent distributors but also play their affiliated movies more. Further, the magnitude of the foreclosure effects varies by movie quality.
Author: Jaedo Choi Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
We investigate a vertically integrated theater's contract and screen allocation decisions in a movie industry characterized by demand uncertainty, price uniformity, and revenue-sharing contracts. Based on a simple theoretical model that describes the decisions of theaters and movie distributors, we derive two mechanisms of foreclosure behavior, termed the selection and allocation effects herein. Our empirical results suggest that integrated theaters not only impose a higher quality standard for movies from independent distributors but also play their affiliated movies more. Further, the magnitude of the foreclosure effects varies by movie quality.
Author: Jay Pil Choi Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper develops an equilibrium model of vertical foreclosure with the choice of input specifications. In this model, vertical foreclosure occurs as the upstream division of the integrated firm makes a specialized input for its sister downstream division while it would, as an independent firm, provide a generalized input. The changes in incentives with vertical integration can be explained by the externalities the choice of a specialized input entails; vertical integration allows the upstream firm to internalize the benefit of raising the rival firm's costs at the downstream level. The choice of a specialized input by the integrated firm serves as a natural commitment mechanism not to supply the rival downstream firms and, thus, enables us to dispense with the controversial price commitment assumption in the literature. We derive conditions for equilibrium vertical foreclosure to occur and discuss its welfare consequences.
Author: Mark V. Pauly Publisher: Elsevier ISBN: 0444535934 Category : Business & Economics Languages : en Pages : 1149
Book Description
What new theories, evidence, and policies have shaped health economics in the 21st century? Editors Mark Pauly, Thomas McGuire, and Pedro Pita Barros assemble the expertise of leading authorities in this survey of substantive issues. In 16 chapters they cover recent developments in health economics, from medical spending growth to the demand for health care, the markets for pharmaceutical products, the medical workforce, and equity in health and health care. Its global perspective, including an emphasis on low and middle-income countries, will result in the same high citations that made Volume 1 (2000) a foundational text. - Presents coherent summaries of major subjects and methodologies, marking important advances and revisions - Serves as a frequently used non-journal reference - Introduces non-economists to the best research in health economics
Author: Frank Wijckmans Publisher: Oxford University Press, USA ISBN: 0199696411 Category : Law Languages : en Pages : 428
Book Description
Providing a detailed and practical analysis of the entire scope of the law relating to vertical agreements, including the new general block exemption regulations and the Vertical Guidelines, this book is an indispensible tool for all practitioners active in the drafting or reviewing of vertical agreements.
Author: Jaedo Choi
Author: Jaedo Choi
Author: Jay Pil Choi
Author: Jay Pil Choi
Author: Eric S. Rosengren
Author: Eric Avenel
Author: 
Author: Mark V. Pauly
Author: Frank Wijckmans
Author: Sanford J. Grossman
Author: United States. Department of Justice. Antitrust Division