G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2867
DP2867 Consumption Externalities, Coordination and Advertising
Tuvana Pastine; Ivan Pastine
发表日期2001-06-18
出版年2001
语种英语
摘要There is a substantial theoretical literature on the potential effects of loyalty contracts, but a relative paucity of empirical work. This Paper employs the event study methodology to examine the effect of exclusionary contracts on firm performance in the ocean shipping industry. Shipping conferences - legal cartels exempt from antitrust laws - offered discounts to customers that patronized exclusively cartel member firms. The usage of these contracts was the subject of an extended legal and political struggle. We test for the impact of the most important events in this conflict on the stock returns of firms in the shipping industry. We find that some of these events resulted in significant changes in the firms? stock returns. Our evidence suggests that exclusive contracts may have contributed to market power in the shipping industry.
主题Industrial Organization
关键词Event study Exclusive contracts Shipping conferences
URLhttps://cepr.org/publications/dp2867
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531907
推荐引用方式
GB/T 7714
Tuvana Pastine,Ivan Pastine. DP2867 Consumption Externalities, Coordination and Advertising. 2001.
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