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.

Competition (Economics), Influence, Foreclosure, Vertical markets

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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.

Analysis, Strategic alliances (Business)

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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.

United States, Pricing Policy, Economic aspects, Pricing, Advertising expenditures, Product price

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