Foreclosure

Trimis la data: 2009-01-21 Materia: Engleza Nivel: Facultate Pagini: 10 Nota: / 10 Downloads: 419
Autor: Alexys81 Dimensiune: 20kb Voturi: Tipul fisierelor: doc Acorda si tu o nota acestui referat: 1 2 3 4 5 6 7 8 9 10
vezi mai multe detalii vezi mai putine detalii
Raporteaza o eroare
Foreclosure:In general, market foreclosure represent market practices that reduce buyers access to a supplier (upstream foreclosure) and/or limit the supplier's access to a buyer (downstream foreclosure).Foreclosure

Foreclosure:The "leverage" concept argued that there is a single source of monopoly pro t, and that a bottleneck monopolist can earn the entire monopoly
pro t without extending its market power to related segments (vertical
integration cannot increase pro tability of merging rms).

For example, a bottleneck holder faces a commitment problem similar to that of
a durable-good monopolist (see Coase's durable good analysis): once
it has contracted with a downstream rm for access to its facility, it
is tempted to o er access to other rms as well (even if their competi-
tion to the other rm will reduce monopolist's pro ts).

Nevertheless,the positioning (downstream or upstream) of the rm is not aleatory
and it has some important consequences on the monopolist's power. A
comparison between exclusive contracts and commitment problem lead
us to two major problems:

(a) upstream bottleneck's pro t is smaller, the larger the number of
downstream rms, and
(b) for a given number of downstream rms, the upstream pro t is
smaller, the more substitutable the downstream units.
The study of this problems lead the authors to derivate three major
policy implications:

(a) it is important whether the more competitive of two complemen-
tary sectors lies upstream or downstream (prices are lower if the
bottleneck owner lies upstream),

(b) non-discrimination laws may have a perverse e ect of restoring the
monopoly power (when an upstream bottleneck practices foreclo-
sure by discrimination among competitors, o ering to all com-
petitors the same commercial conditions forces bottleneck to sell
further units at the same high price, that helps it to commit),

Stiri
Nota explicativa
Referatele si lucrarile oferite de Referate.ro au scop educativ si orientativ pentru cercetare academica.

Iti recomandam ca referatele pe care le downloadezi de pe site sa le utilizezi doar ca sursa de inspiratie sau ca resurse educationale pentru conceperea unui referat nou, propriu si original.

Referat.ro te invata cum sa faci o lucrare de nota 10!
Linkuri utile
Programeaza-te online la salonul favorit Descarca gratuit aplicatiile pentru iOS si Android Materiale educative Jocuri Cele mai tari jocuri de pe net Referate scoala Resurse, lucrari, referate materiale pentru lucrari de nota 10
Toate imaginile, textele sau alte materiale prezentate pe site sunt proprietatea referat.ro fiind interzisa reproducerea integrala sau partiala a continutului acestui site pe alte siteuri sau in orice alta forma fara acordul scris al referat.ro. Va rugam sa consultati Termenii si conditiile de utilizare a site-ului. Informati-va despre Politica de confidentialitate. Daca aveti intrebari sau sugestii care pot ajuta la dezvoltarea site-ului va rugam sa ne scrieti la adresa webmaster@referat.ro.