Exclusionary vertical contracts with multiple entrants
نویسندگان
چکیده
منابع مشابه
Exclusionary Contracts ∗
When do participants in a market have the incentive to enter into agreements that exclude potential entrants? This paper synthesizes, extends and illustrates the theory of exclusionary contracts. In a model of incumbent contracts with downstream buyers, a “Chicago benchmark”yields no incentive for exclusionary long term contracts. Departures from the benchmark in each of three directions yield ...
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I examine the incentives of firms to communicate entry into an industry where the incumbent writes exclusionary, long-term contracts with consumers. The entrant’s information provision affects the optimal contract proposal by the incumbent and leads to communication incentives that are highly non-linear in the size of the innovation. Entry with small and medium-to-large innovations is announced...
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A model of vertical integration is studied. Upstream firms sell differentiated inputs; downstream firms bundle them to make final products. Downstream products are sold as option contracts, which allow consumers to choose from a set of commodities at predetermined prices. The model is illustrated by examples in telecommunication and health markets. Equilibria of the integration game must result...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2010
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2009.08.001