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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9905 |
DP9905 The Economics of Margin Squeeze | |
Patrick Rey; Bruno Jullien | |
发表日期 | 2014-03-23 |
出版年 | 2014 |
语种 | 英语 |
摘要 | The paper discusses economic theories of harm for anti-competitive margin squeeze by unregulated and regulated vertically integrated firms. We review both predation and foreclosure theories, as well as the mere exploitation of upstream market power. We show that foreclosure provides an appropriate framework in the case of an unregulated firm, whereas a firm under tight wholesale regulation should be evaluated under the predation paradigm, with an adequate test that we characterize. Finally, although non-exclusionary exploitation of upstream market power may also induce a margin squeeze, banning such a squeeze has ambiguous effects on the competitive outcome; hence, alternative measures, such as a cap on the access price, may provide a better policy. |
主题 | Industrial Organization |
关键词 | Foreclosure Margin squeeze Predation Vertical integration |
URL | https://cepr.org/publications/dp9905 |
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/538739 |
推荐引用方式 GB/T 7714 | Patrick Rey,Bruno Jullien. DP9905 The Economics of Margin Squeeze. 2014. |
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