Naked Exclusion, Efficient Breach, and Downstream Competition
Naked Exclusion, Efficient Breach, and Downstream Competition
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赤裸裸的排斥、高效的违规、下游的竞争
DOI:
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发表时间:
2007
期刊:
影响因子:
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通讯作者:
Abraham L. Wickelgren
中科院分区:
文献类型:
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作者:
J. Simpson;Abraham L. Wickelgren
Previous papers by Eric B. Rasmusen, J. Mark Ramseyer, and John S. Wiley, Jr. (1991) and Ilya R. Segal and Michael D. Whinston (2000) argue that exclusive contracts can inefficiently deter entry in the presence of scale economies and multiple buyers. We first show that these results no longer hold when buyers are final consumers who can breach these contracts and pay expectation damages. We then show, however, that exclusive contracts can inefficiently deter entry if buyers are downstream competitors, even in the absence of scale economies and even if breach is possible. (JEL D86, K21, L11 , L13, L14, L40)