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Law and Economics of Vertical Integration and Control focuses on the processes, methodologies, and approaches involved in the law and economics of vertical integration and control. The publication first elaborates on transaction costs, fixed proportions and contractual alternatives, and variable proportions and contractual alternatives. Discussions focus on sales revenue royalties, ownership integration, output royalties, important product-specific services, successive monopoly, advantages and limitations of internal transfers, and transaction cost determinants. The text then examines vertical integration under uncertainty and vertical integration without contractual alternatives. The book ponders on legal treatment of ownership integration and per se illegal contractual controls. Topics include tying arrangements, public policy assessment, resale price maintenance, vertical integration and the Sherman Act, market foreclosure doctrine, and the 1982 Merger Guidelines. The text also takes a look at contractual controls that are not illegal per se, alternative legal rules, and antitrust policy. The publication is a dependable reference for researchers interested in the law and economics of vertical integration and control.
Purpose of Present Study
Standard for Analysis
Part I Economics of Vertical Control
2 Transaction Costs
The Incentive to Integrate
The Welfare Effects
Transaction Cost Determinants
Advantages and Limitations of Internal Transfers
3 Fixed Proportions and Contractual Alternatives
No Incentive for Vertical Control
Important Product-Specific Services
4 Variable Proportions and Contractual Alternatives
Sales Revenue Royalties
Lump-Sum Entry Fees
Vertical Controls: Problems in Practice
5 Vertical Integration Under Uncertainty
More Recent Studies
Random Input Prices
6 Vertical Integration without Contractual Alternatives
Regulation and Vertical Integration
Monopsony and Vertical Integration
Price Discrimination and Vertical Integration
Vertical Integration and Downstream Disequilibrium
Appendix: A Formal Analysis of Vertical Integration and Downstream Disequilibrium
Part II Legal Analysis of Vertical Control
7 Legal Treatment of Ownership Integration
Vertical Integration and the Sherman Act
Vertical Integration and the Clayton Act
Department of Justice Merger Guidelines, 1968
Market Foreclosure Doctrine
The 1982 Merger Guidelines
8 Per Se Illegal Contractual Controls
Fixing Maximum-Resale Prices
Resale Price Maintenance
Public Policy Assessment
9 Contractual Controls That Are Not Illegal Per Se
Presumptively Legal Controls
Exclusive Dealing and Requirements Contracts
Part III Public Policy Analysis
Alternative Legal Rules
Appropriate Antitrust Policy
Areas for Future Research
- No. of pages:
- © Academic Press 1983
- 1st November 1983
- Academic Press
- eBook ISBN:
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