G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w11407
来源IDWorking Paper 11407
Tying, Upgrades, and Switching Costs in Durable-Goods Markets
Dennis W. Carlton; Michael Waldman
发表日期2005-06-13
出版年2005
语种英语
摘要This paper investigates the role of product upgrades and consumer switching costs in the tying of complementary products. Previous analyses of tying have found that a monopolist of one product cannot increase its profits and reduce social welfare by tying and monopolizing a complementary product if the initial monopolized product is essential, where essential means that all uses of the complementary good require the initial monopolized product. We show that this is not true in durable-goods settings characterized by product upgrades, where we show tying is especially important when consumer switching costs are present. In addition to our results concerning tying our analysis also provides a new rationale for leasing in durable-goods markets. We also discuss various extensions including the role of the reversibility of tying as well as the antitrust implications of our analysis.
主题Industrial Organization ; Market Structure and Firm Performance ; Antitrust
URLhttps://www.nber.org/papers/w11407
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569048
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GB/T 7714
Dennis W. Carlton,Michael Waldman. Tying, Upgrades, and Switching Costs in Durable-Goods Markets. 2005.
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