Exclusivity, competition and the irrelevance of internal investment

This paper considers the effect of exclusive contracts on investment decisions in a market with two upstream and two downstream firms. Segal and Whinston's (2000) irrelevance result is generalised and it is shown that exclusive contracts have no effect on the equilibrium level of internal inves...

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Veröffentlicht in:	International journal of industrial organization 2010-07, Vol.28 (4), p.336-340
Hauptverfasser:	de Fontenay, Catherine C., Gans, Joshua S., Groves, Vivienne
Format:	Artikel
Sprache:	eng
Schlagworte:	Bargaining Competition Contracts Enterprises Exclusive agency selling Exclusive contracts Exclusive contracts Irrelevance result Shapley value Upstream competition Bargaining Investment Irrelevance result Market structure Shapley value Studies Upstream competition
Online-Zugang:	Volltext
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