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Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
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Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
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Author : Cindy R. Alexander
language : en
Publisher:
Release Date : 1993

Vertical Contracts As Strategic Commitments written by Cindy R. Alexander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Vertical integration categories.




Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
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Author : Federal Trade Federal Trade Commission
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-01-14

Vertical Contracts As Strategic Commitments written by Federal Trade Federal Trade Commission and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-14 with categories.


Recent literature has shown that when retailers cannot observe contracts between a manufacturer and their rivals, the manufacturer will be unable to obtain the vertically integrated profit using two-part tariff contracts alone. It has been suggested that vertical restraints, such as RPM and exclusive territories, are observable and thus permit the manufacturer to obtain profits closer to the vertically integrated level. Observability, however, is not sufficient. To serve as a strategic commitment mechanism, a vertical contract must be enforceable as well. We show that the vertical contracts that have been the focus of the recent literature are not self-enforcing but must be externally enforced. We find that in practice the enforceability condition has not been met. This suggests that models which rest on the premise that vertical restraints are strategic commitments do not provide general explanations of these practices.



Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
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Author : Federal Trade Commission
language : en
Publisher: CreateSpace
Release Date : 2015-06-05

Vertical Contracts As Strategic Commitments written by Federal Trade Commission and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-05 with categories.


Recent literature has shown that when retailers cannot observe contracts between a manufacturer and their rivals, the manufacturer will be unable to obtain the vertically integrated profit using two-part tariff contracts alone. It has been suggested that vertical restraints, such as RPM and exclusive territories, are observable and thus permit the manufacturer to obtain profits closer to the vertically integrated level. Observability, however, is not sufficient. To serve as a strategic commitment mechanism, a vertical contract must be enforceable as well. We show that the vertical contracts that have been the focus of the recent literature are not self-enforcing but must be externally enforced. We find that in practice the enforceability condition has not been met. This suggests that models which rest on the premise that vertical restraints are strategic commitments do not provide general explanations of these practices.



Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
DOWNLOAD
Author : Cindy R. Alexander
language : en
Publisher:
Release Date : 1993

Vertical Contracts As Strategic Commitments written by Cindy R. Alexander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Contracts categories.




Vertical Contracts As Strategic Commitments


Vertical Contracts As Strategic Commitments
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Author : Cindy R. Alexander
language : en
Publisher:
Release Date : 2012

Vertical Contracts As Strategic Commitments written by Cindy R. Alexander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.


This paper addresses the strategic commitment value of various price and nonprice vertical contracts. Assuming contract offers are sufficiently public to have strategic importance, we focus on commitment as a necessary and separable condition to be met. The analysis has two components. First, considering the relationship between a monopolist manufacturer and his imperfectly competing retailers, enforcement conditions necessary for alternative vertical contracts to have commitment value are identified in the static (reputation-free) context. It is shown that external help (i.e., enforcement by nonsignatories) is necessary for bilateral minimum resale price maintenance (price floors) and exclusive territory contracts to have commitment value, whereas maximum resale price maintenance (price ceilings) do not require such help (i.e., they are internally enforcing). Second, the paper provides an analysis of the U.S. case law and discusses the empirical validity of the “external enforcement” assumption that is shown to underlie recent proposals to make certain vertical restraints illegal.



Antitrust Law Journal


Antitrust Law Journal
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Author :
language : en
Publisher:
Release Date : 1986

Antitrust Law Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Energy policy categories.




Vertical Control With Costly Free Riding


Vertical Control With Costly Free Riding
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Author : Alexander Raskovich
language : en
Publisher:
Release Date : 1993

Vertical Control With Costly Free Riding written by Alexander Raskovich and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Restraint of trade categories.




Technological Know How Organizational Capabilities And Strategic Management Business Strategy And Enterprise Development In Competitive Environments


Technological Know How Organizational Capabilities And Strategic Management Business Strategy And Enterprise Development In Competitive Environments
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Author : David J Teece
language : en
Publisher: World Scientific
Release Date : 2008-09-10

Technological Know How Organizational Capabilities And Strategic Management Business Strategy And Enterprise Development In Competitive Environments written by David J Teece and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-10 with Business & Economics categories.


This book explores factors which impact the viability and growth of business enterprises. In particular, the role of entrepreneurship, organizational learning, and business strategy — including licensing strategy — are considered in some detail. It presents fundamental thinking about business organization and provides the conceptual framework that scholars need to understand complex business organization, managerial processes, and competitive strategy.



The Impact Of Incomplete Contracts On Economics


The Impact Of Incomplete Contracts On Economics
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Author : Philippe Aghion
language : en
Publisher: Oxford University Press
Release Date : 2015-12-22

The Impact Of Incomplete Contracts On Economics written by Philippe Aghion and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.


The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.



The Effects Of Mergers In Differentiated Products Industries


The Effects Of Mergers In Differentiated Products Industries
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Author : Gregory Werden
language : en
Publisher:
Release Date : 1993

The Effects Of Mergers In Differentiated Products Industries written by Gregory Werden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Consolidation and merger of corporations categories.