| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7265 |
| DP7265 Did Unexpectedly Strong Economic Growth Cause the Oil Price Shock of 2003-2008? | |
| Lutz Kilian; Bruce Hicks | |
| 发表日期 | 2009-04-12 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more efficient supplier is signed. Absent the effect on investment, the contract would not be signed and foreclosure would not be a concern. For this reason, considering potential foreclosure and investment promotion in isolation and then summing them up may not be a suitable approach to assess the net effect of ED. The paper therefore invites a more cautious attitude towards accepting possible investment promotion arguments as a defence for ED. |
| 主题 | Industrial Organization |
| 关键词 | Monopolization practices Vertical agreements |
| URL | https://cepr.org/publications/dp7265 |
| 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/536102 |
| 推荐引用方式 GB/T 7714 | Lutz Kilian,Bruce Hicks. DP7265 Did Unexpectedly Strong Economic Growth Cause the Oil Price Shock of 2003-2008?. 2009. |
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