Refusals to deal and orders to supply in competitive markets

Article Abstract:

Several antitrust cases in North America and Europe have arisen regarding claims that manufacturers of durable products have declined to supply parts to independent service firms to monopolize the market for repairs of their products. Such refusals in a competitive market was examined and related to the aftermarket. Since full prices equal full marginal costs in equilibrium, the refusals allowed the accomplishment of a first-best outcome and an attempt by the government to force supply will decrease welfare.

MISCELLANEOUS REPAIR SERVICES, Repair Services NEC, Other Personal and Household Goods Repair and Maintenance, Economic aspects, Cases, Antitrust law, Restraint of trade, Repair services industry, Repair services

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Strategic debt: evidence in manufacturing

Article Abstract:

A study was conducted which demonstrates that companies consider the influence of debt on the product market and also tend to compete in prices instead of output. Using data from manufacturing companies operating for at least 11 years for the period 1975-1994, price competition and the employment of strategic debt was found to be evident. Companies hold more debt as demand uncertainty increases and apply less leverage as costs become less certain.

Management, Usage, Debt, Leverage (Finance), Leverage

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Cooperating upstream while competing downstream: a theory of input joint ventures

Article Abstract:

Research focuses on a joint venture in which two companies share ownership of a facility that produces something. Considering this joint venture, research studies the pricing strategy used and the impact of this strategy on downstream competition.

Science & research, Joint ventures

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