Exclusive Dealing and Entry When Buyers Compete
Exclusive Dealing and Entry When Buyers Compete
复制标题
买家竞争时的独家交易和进入
DOI:
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发表时间:
2002
期刊:
影响因子:
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通讯作者:
Massimo Motta
中科院分区:
文献类型:
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作者:
C. Fumagalli;Massimo Motta
Rasmusen et al. (1991) and Segal and Whinston (2000) show that an incumbent monopolist might exclude entry of a more efficient competitor, by exploiting externalities among buyers. We show that their results hold only when downstream competition among buyers does not exist or is weak enough. Under fierce downstream competition, the incumbent cannot compensate a deviant buyer who buys from the more efficient entrant. Any such buyer will become more competitive and increase their output – thus triggering entry – and profits at the expense of buyers who sign an exclusive deal with the incumbent. Hence, exclusive deals cannot deter efficient entry.