Volkswirtschaft - Open Access LMU - Teil 02/03

Language: de

Genres: Business, Education

Contact email: Get it

Feed URL: Get it

iTunes ID: Get it

Get all podcast data

Listen Now...

Can Naked Exclusion Be Procompetitive?
Wednesday, 1 February, 2012

Antitrust scholars have argued that exclusive contracts have anticompetitive, or at best neutral effects, if no efficiencies are generated. In contrast, this paper shows that exclusive contracts can have procompetitive effects, provided buyers are imperfect downstream competitors and contract breach is feasible. In that case an efficient entrant is not necessarily foreclosed through exclusive contracting but induces buyers to breach. Because breaching buyers have to pay expectation damages to the incumbent, the downstream profits they obtain when breaching must be large enough. Therefore, the entrant needs to set a lower wholesale price than absent exclusive contracting, leading to lower final consumer prices and higher welfare.

We also recommend:

Ojibwemodaa Podcast
tootwaag

Finite Element Analysis - for iPad/Mac/PC
The Open University

All the Fun of the Fair - for iPod/iPhone
The Open University

Evolution and the human family - Audio
The Open University

Towards a social responsibility theory for educational research (in lifelong learning
Prof. Dr. Theo van Dellen, University of Groningen

Empower Talk Radio Show
Manuel Gomez

Department for Continuing Education Open Day 2013
Oxford University

#FreelanceAnswers by Brennan Dunn: Helping you grow your freelance business
Brennan Dunn

Ibn Abbas y las virtudes del Conocimiento
Muhammad Isa Garcia

Ada Lovelace Symposium - Celebrating 200 Years of a Computer Visionary
Oxford University