Vertical foreclosure versus downstream competition with capital precommitment
Article Abstract:
The recent literature on vertical foreclosure suggests that at the monopoly level vertical integration can have the anticompetitive effect of enabling an upstream firm to commit to restricting output to downstream firms. It is shown that if integration is outlawed, the upstream firm will distort capital downward as an alternative device to restrict output.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2004
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Strategic delegation in experimental markets
Article Abstract:
Strategic delegation in a Cournot duopoly is being analyzed. Owners can choose between the two different contracts, which determine their managers' salaries, one contract simply gives managers incentives to maximize firm profits, while the second contract gives an additional sales bonus.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2004
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An experimental study of price dispersion in an optimal search model with advertising
Article Abstract:
An experiment to study the changes in pricing and advertising cost by a seller during his search of a costly buyer is discussed.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2006
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