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Naked exclusion with heterogeneous buyers
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SYSNO ASEP 0567489 Druh ASEP V - Výzkumná zpráva Zařazení RIV Záznam nebyl označen do RIV Název Naked exclusion with heterogeneous buyers Tvůrce(i) Chen, Y. (US)
Zápal, Jan (NHU-C) RIDVyd. údaje Prague: CERGE-EI, 2022 ISSN 2788-0443 Edice CERGE-EI Working Paper Series Č. sv. edice 741 Poč.str. 28 s. Forma vydání Online - E Jazyk dok. eng - angličtina Země vyd. CZ - Česká republika Klíč. slova contracting with externalities ; exclusionary contracts ; buyer heterogeneity Vědní obor RIV AH - Ekonomie Obor OECD Applied Economics, Econometrics Institucionální podpora NHU-C - Cooperatio-COOP Anotace We investigate the effects of buyer heterogeneity in a market in which an incumbent firm prevents entry when it signs enough exclusionary contracts with buyers. With heterogeneous buyers several well-known results in exclusionary contracting with homogenous buyers are overturned and novel ones emerge. First, inefficient equilibria exist in which exclusionary contracts are signed but entry still occurs, and the loss of consumer surplus falls on small buyers. Second, sequential contracting may be more pro-competitive than simultaneous contracting in the sense that entry occurs under sequential but not simultaneous contracting. When this happens, sequential Pareto dominates simultaneous contracting. Pracoviště Národohospodářský ústav - CERGE Kontakt Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Rok sběru 2023
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