Law and Economics of Vertical Integration and Control - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Law and Economics of Vertical Integration and Control write by Roger D. Blair. This book was released on 2014-05-10. Law and Economics of Vertical Integration and Control available in PDF, EPUB and Kindle. 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.
The Law and Economics of Vertical Integration
The Law and Economics of Vertical Integration - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Law and Economics of Vertical Integration write by John Cirace. This book was released on 1964. The Law and Economics of Vertical Integration available in PDF, EPUB and Kindle.
New Developments in the Analysis of Market Structure
New Developments in the Analysis of Market Structure - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook New Developments in the Analysis of Market Structure write by International Economic Association. This book was released on 1986. New Developments in the Analysis of Market Structure available in PDF, EPUB and Kindle. These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies. They focus on the nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry; other factors which determine the effective degree of competition in the market; the influence of major firms (especially when these pursue objectives other than profit maximization); and decentralization and coordination under control relationships other than markets and hierarchies.ContributorsJoseph E. Stiglitz, G. C. Archibald, B. C. Eaton, R. G. Lipsey, David Enaoua, Paul Geroski, Alexis Jacquemin, Richard J. Gilbert, Reinhard Selten, Oliver E. Williamson, Jerry R. Green, G. Frank Mathewson, R. A. Winter, C. d'Aspremont, J. Jaskold Gabszewicz, Steven Salop, Branko Horvat, Z. Roman, W. J. Baumol, J. C. Panzar, R. D. Willig, Richard Schmalensee, Richard Nelson, Michael Scence, and Partha Dasgupta
Economic Policy in Theory and Practice
Economic Policy in Theory and Practice - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Policy in Theory and Practice write by Assaf Razin. This book was released on 1987-03-02. Economic Policy in Theory and Practice available in PDF, EPUB and Kindle.
The Law of Vertical Integration and the Business Firm
The Law of Vertical Integration and the Business Firm - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Law of Vertical Integration and the Business Firm write by Herbert Hovenkamp. This book was released on 2010. The Law of Vertical Integration and the Business Firm available in PDF, EPUB and Kindle. Vertical integration occurs when a firm does something for itself that it could otherwise procure on the market. For example, a manufacturer that opens its own stores is said to be vertically integrated into distribution. One irony of history is that both classical political economy and neoclassicism saw vertical integration and vertical contractual arrangements as much less threatening to competition than cartels or other horizontal arrangements. Nevertheless, vertical integration has produced by far the greater amount of legislation at both federal and state levels and has motivated many more political action groups. Two things explain this phenomenon. First, while economists prior to the 1930s rarely saw a threat, neither did they understand why firms integrate or enter into long term contracts, except for fairly obvious savings in production costs. Second, vertical integration led to many bankruptcies of small family businesses unable or unwilling to take on the costs and associated risks of integrating vertically themselves. When that happened, politics inevitably triumphed over economics.Both the common law and classical economists tended to view vertical integration favorably. The principal limitation on vertical integration by contract was common law rules limiting restraints on alienation. The managerial revolution in the United States in the nineteenth century occasioned the rise of significant vertical integration. At the same time, however marginalist, or neoclassical, economics first began to see significant competitive problems. The emergent legal policy toward vertical control by contract was developed first in intellectual property law's quot;first salequot; doctrine, and later on in antitrust policy. In his 1937 article on the quot;Nature of the Firm,quot; Ronald H. Coase formulated a purely marginalist theory of vertical integration, but it was ignored by both economists and legal policy makers for nearly half a century. Economists continued to wrestle with theories that were far more myopic, and as a result much less satisfactory. The result was that vertical integration became much more vulnerable to special interest legislation than did competition policy generally. By the mid-twentieth century a set of aggressive antitrust policies had emerged that dealt harshly with both vertical integration by contract and ownership vertical integration.
