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- W1138972017 abstract "This thesis deals with the viability and e¤ects of exclusive contracts when Cournotcompetition is introduced, as opposed to the Bertrand competition that is assumed in theexisting literature. An exclusive contracts involves a buyer agreeing to buy a certain partor all of his input from a seller. If he breaches this contract, he has to pay damages. It isfound that if a monopolist or multiple sellers in a Cournot monopsony close a (partially)exclusive contract with the buyer, it depends on the method of calcultation of expectationdamages whether entry by homogenous competitors will be blocked or not. In a Bertrandupstream monopoly with multiple Cournot retailers and a simultaneous contracting phase,the options to deter entry from a more e¢ cient competitor are limited. Whether entry isdeterred at best depends on the perception of each buyer about his competitors. However,entry deterrence is still possible under certain circumstances. Finally, when two upstreamBertrand rms sell to Cournot retailers and contracting happens sequentially, they can useexclusive contracts to co-exist and both make a pro t, despite behaving competitively." @default.
- W1138972017 created "2016-06-24" @default.
- W1138972017 creator A5053242033 @default.
- W1138972017 date "2015-08-24" @default.
- W1138972017 modified "2023-09-27" @default.
- W1138972017 title "The effects of exclusive contracts on competition in Cournot markets" @default.
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