Optimal Contracts to Defend Upstream Monopoly
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چکیده
منابع مشابه
Upstream mergers, downstream mergers, and secret vertical contracts
In an industry characterised by secret vertical contracts, we consider a benchmark case where two vertical chains exist, with two upstream manufacturers selling to two downstream retailers, and show that the equilibrium prices are independent of whether upstream or downstream ̄rms have all the bargaining power. We then analyse two alternative mergers, and show that a downstream merger (which gi...
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