The Competitive Effects of Vertical Agreements
The Competitive Effects of Vertical Agreements
复制标题
纵向协议的竞争效应
DOI:
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发表时间:
1985
期刊:
影响因子:
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通讯作者:
H. Frech
中科院分区:
文献类型:
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作者:
W. Comanor;H. Frech
For many years, there were few distinctions drawn between horizontal and vertical agreements. Both were considered anticompetitive and subject to per se condemnation under the antitrust laws. Recently, however, this approach has come under attack, and what was once the conventional wisdom is no longer so. Indeed, there is growing acceptance of the view that vertical agreements can rarely have anticompetitive consequences. Per se legality would then be the appropriate standard. In this paper, we investigate the competitive implications of a particular vertical agreement: the imposition of exclusive dealing requirements by a manufacturer on his distributors. However, to maintain the focus of the analysis, we do not consider ultimate welfare gains or losses. In an early application of economic analysis to this practice, Aaron Director and Edward Levi (1956) suggest that exclusive dealing would be anticompetitive if it raised entry costs for rivals. Our object, following this conjecture (see their p. 293), is to examine the market conditions under which exclusive dealing impedes entry. Howard Marvel (1982) dealt with the practice of exclusive dealing. He provides an efficiency rationale for exclusive dealing, ignores the prospect that anticompetitive effects may follow, and concludes that "exclusive dealing ought therefore to be treated as legal, per se" (p. 25). This paper examines the possible anticompetitive effects neglected by Marvel. I. Market Conditions for Exclusive Dealing