| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4888 |
| DP4888 The US Current Account and the Dollar | |
| Francesco Giavazzi; olivier blanchard; Filipa Sa | |
| 发表日期 | 2005-02-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We extend the literature on exclusive dealing by allowing the incumbent and the potential entrant to merge. This uncovers new effects. First, exclusive deals can be used to improve the incumbent?s bargaining position in the merger negotiation. Second, the incumbent finds it easier to elicit the buyer?s acceptance than in the case where entry can occur only by installing new capacity. Third, exclusive dealing reduces welfare because (i) it may trigger entry through merger whereas de novo entry would be socially optimal, and (ii) it may deter entry altogether. Finally, we show that when exclusive deals include a commitment on future prices they will increase welfare. |
| 主题 | Industrial Organization |
| 关键词 | Exclusive dealing Entry deterrence Mergers Antitrust |
| URL | https://cepr.org/publications/dp4888 |
| 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/533793 |
| 推荐引用方式 GB/T 7714 | Francesco Giavazzi,olivier blanchard,Filipa Sa. DP4888 The US Current Account and the Dollar. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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