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Transaction Costs and Competition Policy

Carlton, Dennis W. - 2019

) first established the importance of transaction costs to understand the theory of the firm, the study of transaction costs …

Persistent link: https://www.econbiz.de/10012894700

Cartels and Anti-Competitive Agreements

Marco Colino, Sandra - 2018

Antitrust and competition law have grown dramatically in importance and significance over the last fifty years. US antitrust law has been the principal source of inspiration for jurisdictions wishing to introduce regulation to control cartels and monopolization, and antitrust regulation has now...

Persistent link: https://www.econbiz.de/10012913418

Vertical MFN's and the Credit Card No-Surcharge Rule

Carlton, Dennis W. - 2018

surcharge for transactions with a particular credit card. This paper sets out a general theory of the vertical MFN restraint and … then applies the theory to credit cards. In a symmetric, differentiated duopoly, the vertical MFN raises price from the … restraint can allow the dominant firm to leverage its power to extract surplus from the entire set of consumers. The theory …

Persistent link: https://www.econbiz.de/10012933807

Economics of Vertical Restraints for Multi-Sided Platforms

Evans, David S. - 2013

This paper presents an overview of what economists can say about vertical constraints by multi-sided platforms at this stage in the development of our knowledge about the economics of these businesses. It describes the general procompetitive and anticompetitive uses of vertical restraints by...

Persistent link: https://www.econbiz.de/10014162200

Single monopoly profits, vertical mergers, and downstream entry deterrence

Hunold, Matthias; Schad, Jannika - 2021

We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits …

Persistent link: https://www.econbiz.de/10012704705

Vertical Restraints Facilitating Horizontal Collusion : 'Stretching' Agreement in a Comparative Approach

Lubambo, Murilo - 2015

This article discusses the approaches of the European Union (EU) and of the United States (US) to the notions of agreement and concerted practice applied to horizontal collusive consequences of vertical restraints. I conclude that networks of vertical restraints blur the differences between...

Persistent link: https://www.econbiz.de/10014136313

Vertical integration and downstream collusion

Biancini, Sara; Ettinger, David - 2016

We investigate the effect of a vertical merger on downstream firms' ability to collude in a repeated game framework. We show that a vertical merger has two main effects. On the one hand, it increases the total collusive profits, increasing the stakes of collusion. On the other hand, it creates...

Persistent link: https://www.econbiz.de/10011482885

Exclusive dealing in the presence of a vertically integrated firm

Bui, Dang-Long; Simanjuntak, Damiana; Zonda, Joe Maganga - In: Estudios de economía 50 (2023) 1, pp. 5-30

This study constructs a successive Cournot model to investigate the possibility that a separated upstream input supplier can solely sell the intermediate good to a separated downstream manufacturer through an exclusive contract in the presence of a vertically integrated rival. We find that the...

Persistent link: https://www.econbiz.de/10014369528

Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain

Carlton, Dennis W. - 2020

This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...

Persistent link: https://www.econbiz.de/10012829706

Vertical Integration and Downstream Collusion

Biancini, Sara - 2016

Persistent link: https://www.econbiz.de/10012987391