Antitrust and Vertical Integration in “New Economy” Industries with Application to Broadband Access
Author
Abstract
Suggested Citation
DOI: 10.1007/s11151-011-9291-y
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Matthew Rhodes‐Kropf & David T. Robinson, 2008. "The Market for Mergers and the Boundaries of the Firm," Journal of Finance, American Finance Association, vol. 63(3), pages 1169-1211, June.
- Richard Schmalensee, 2000. "Antitrust Issues in Schumpeterian Industries," American Economic Review, American Economic Association, vol. 90(2), pages 192-196, May.
- Oliver Hart & Bengt Holmstrom, 2010. "A Theory of Firm Scope," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 483-513.
- Robert Gibbons, 2010.
"Inside Organizations: Pricing, Politics, and Path Dependence,"
Annual Review of Economics, Annual Reviews, vol. 2(1), pages 337-365, September.
- Robert S. Gibbons, 2010. "Inside Organizations: Pricing, Politics, and Path Dependence," Levine's Working Paper Archive 661465000000000249, David K. Levine.
- Oliver Hart & Bengt Holmstrom, 2010.
"A Theory of Firm Scope,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 483-513.
- Oliver Hart & Bengt Holmstrom, 2008. "A Theory of Firm Scope," NBER Working Papers 14613, National Bureau of Economic Research, Inc.
- David J. Teece, 2003.
"Competition, Cooperation, and Innovation Organizational Arrangements for Regimes of Rapid Technological Progress,"
World Scientific Book Chapters, in: Essays In Technology Management And Policy Selected Papers of David J Teece, chapter 16, pages 447-474,
World Scientific Publishing Co. Pte. Ltd..
- Teece, David J., 1992. "Competition, cooperation, and innovation : Organizational arrangements for regimes of rapid technological progress," Journal of Economic Behavior & Organization, Elsevier, vol. 18(1), pages 1-25, June.
- Francine Lafontaine & Margaret E. Slade, 2012. "Inter-Firm Contracts [The Handbook of Organizational Economics]," Introductory Chapters,, Princeton University Press.
- Peter Diamond & Hannu Vartiainen, 2007. "Introduction to Behavioral Economics and Its Applications," Introductory Chapters, in: Peter Diamond & Hannu Vartiainen (ed.),Behavioral Economics and Its Applications, Princeton University Press.
- Peter L. Swan, 1970. "Market Structure and Technological Progress: The Influence of Monopoly on Product Innovation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(4), pages 627-638.
- Bengt Holmstrom & John Roberts, 1998. "The Boundaries of the Firm Revisited," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 73-94, Fall.
- C. Kirabo Jackson & Henry S. Schneider, 2011.
"Do Social Connections Reduce Moral Hazard? Evidence from the New York City Taxi Industry,"
American Economic Journal: Applied Economics, American Economic Association, vol. 3(3), pages 244-267, July.
- C. Kirabo Jackson & Henry S. Schneider, 2010. "Do Social Connections Reduce Moral Hazard? Evidence from the New York City Taxi Industry," NBER Working Papers 16279, National Bureau of Economic Research, Inc.
- Schmalensee, Richard, 1992. "Sunk Costs and Market Structure: A Review Article," Journal of Industrial Economics, Wiley Blackwell, vol. 40(2), pages 125-134, June.
- Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
- David S. Evans & Richard Schmalensee, 2002.
"Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries,"
NBER Chapters, in: Innovation Policy and the Economy, Volume 2, pages 1-50,
National Bureau of Economic Research, Inc.
- David S. Evans & Richard Schmalensee, 2001. "Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries," NBER Working Papers 8268, National Bureau of Economic Research, Inc.
- Robert Gibbons & John Roberts, 2012. "The Handbook of Organizational Economics," Economics Books, Princeton University Press, edition 1, volume 1, number 9889.
- Francine Lafontaine & Margaret Slade, 2007.
"Vertical Integration and Firm Boundaries: The Evidence,"
Journal of Economic Literature, American Economic Association, vol. 45(3), pages 629-685, September.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries : The Evidence," The Warwick Economics Research Paper Series (TWERPS) 799, University of Warwick, Department of Economics.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries: The Evidence," Economic Research Papers 269756, University of Warwick - Department of Economics.
- Bustos Alvaro E & Galetovic Alexander, 2009.
"Vertical Integration and Sabotage with a Regulated Bottleneck Monopoly,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-52, September.
- Alvaro Bustos & Alexander Galetovic, 2003. "Vertical Integration and Sabotage in Regulated Industries," Documentos de Trabajo 164, Centro de Economía Aplicada, Universidad de Chile.
- William Fellner, 1951. "The Influence of Market Structure on Technological Progress," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(4), pages 556-577.
- Cooper, James C. & Froeb, Luke M. & O'Brien, Dan & Vita, Michael G., 2005. "Vertical antitrust policy as a problem of inference," International Journal of Industrial Organization, Elsevier, vol. 23(7-8), pages 639-664, September.
- Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
- Acemoglu, Daron & Cao, Dan, 2015.
"Innovation by entrants and incumbents,"
Journal of Economic Theory, Elsevier, vol. 157(C), pages 255-294.
- Dan Cao and Daron Acemoglu, 2010. "Innovation by Entrants and Incumbents," Working Papers gueconwpa~10-10-06, Georgetown University, Department of Economics.
- Daron Acemoglu & Dan Vu Cao, 2010. "Innovation by Entrants and Incumbents," NBER Working Papers 16411, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Dan Vu Cao, 2010. "Innovation by Entrants and Incumbents," Levine's Working Paper Archive 661465000000000227, David K. Levine.
- Dan Cao & Daron Acemoglu, 2011. "Innovation by Entrants and Incumbents," 2011 Meeting Papers 473, Society for Economic Dynamics.
- Buttrick, John, 1952. "The Inside Contract System1," The Journal of Economic History, Cambridge University Press, vol. 12(3), pages 205-221, July.
- Pratten, Clifford F, 1980. "The Manufacture of Pins," Journal of Economic Literature, American Economic Association, vol. 18(1), pages 93-96, March.
- Lyons, Bruce R, 1996. "Empirical Relevance of Efficient Contract Theory: Inter-firm Contracts," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(4), pages 27-52, Winter.
- Giorgio Zanarone, 2009. "Vertical Restraints and the Law: Evidence from Automobile Franchising," Journal of Law and Economics, University of Chicago Press, vol. 52(4), pages 691-700, November.
- William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
- Schuett Florian, 2010. "Network Neutrality: A Survey of the Economic Literature," Review of Network Economics, De Gruyter, vol. 9(2), pages 1-15, June.
- R. Schmalensee & R. Willig (ed.), 1989. "Handbook of Industrial Organization," Handbook of Industrial Organization, Elsevier, edition 1, volume 2, number 2.
- George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59(3), pages 185-185.
- repec:reg:rpubli:443 is not listed on IDEAS
- Ordover, Janusz A & Saloner, Garth & Salop, Steven C, 1990. "Equilibrium Vertical Foreclosure," American Economic Review, American Economic Association, vol. 80(1), pages 127-142, March.
- Alfred E. Kahn, 1988. "The Economics of Regulation: Principles and Institutions," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610523, April.
- Michael A. Salinger, 1988. "Vertical Mergers and Market Foreclosure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(2), pages 345-356.
- R. Schmalensee & R. Willig (ed.), 1989. "Handbook of Industrial Organization," Handbook of Industrial Organization, Elsevier, edition 1, volume 1, number 1.
- David T. Robinson, 2008. "Strategic Alliances and the Boundaries of the Firm," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 649-681, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Michael Peneder & Martin Woerter, 2014.
"Competition, R&D and innovation: testing the inverted-U in a simultaneous system,"
Journal of Evolutionary Economics, Springer, vol. 24(3), pages 653-687, July.
- Michael Peneder & Martin Wörter, 2013. "Competition, R&D and Innovation: Testing the Inverted-U in a Simultaneous System," WIFO Working Papers 448, WIFO.
- Thomas Lenard, 2011. "Introduction: Antitrust and the Dynamics of Competition in High-Tech Industries," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 38(4), pages 311-317, June.
- Thomas W. Hazlett & Joshua D. Wright, 2017. "The Effect of Regulation on Broadband Markets: Evaluating the Empirical Evidence in the FCC’s 2015 “Open Internet” Order," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(4), pages 487-507, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, October.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978.
- Jaideep Shenoy, 2012. "An Examination of the Efficiency, Foreclosure, and Collusion Rationales for Vertical Takeovers," Management Science, INFORMS, vol. 58(8), pages 1482-1501, August.
- Jain, Bharat A. & Kini, Omesh & Shenoy, Jaideep, 2011. "Vertical divestitures through equity carve-outs and spin-offs: A product markets perspective," Journal of Financial Economics, Elsevier, vol. 100(3), pages 594-615, June.
- Volker Mahnke, 2001. "The Process of Vertical Dis-Integration: An Evolutionary Perspective on Outsourcing," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 5(3), pages 353-379, September.
- Patrick Legros & Andrew F. Newman, 2014.
"Contracts, Ownership, and Industrial Organization: Past and Future,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 30(suppl_1), pages 82-117.
- Patrick Legros & Andrew Newman, 2014. "Contracts, Ownership, and Industrial Organization: Past and Future," ULB Institutional Repository 2013/229731, ULB -- Universite Libre de Bruxelles.
- Noriaki Matsushima, 2009.
"Vertical Mergers And Product Differentiation,"
Journal of Industrial Economics, Wiley Blackwell, vol. 57(4), pages 812-834, December.
- Noriaki Matsushima, 2006. "Vertical mergers and product differentiation," Discussion Papers 2006-09, Kobe University, Graduate School of Business Administration.
- Simshauser, Paul & Tian, Yuan & Whish-Wilson, Patrick, 2015. "Vertical integration in energy-only electricity markets," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 35-56.
- Maloney, Michael T., 2017. "Alchian remembrances," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 561-582.
- Francine Lafontaine & Margaret Slade, 2007.
"Vertical Integration and Firm Boundaries: The Evidence,"
Journal of Economic Literature, American Economic Association, vol. 45(3), pages 629-685, September.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries : The Evidence," The Warwick Economics Research Paper Series (TWERPS) 799, University of Warwick, Department of Economics.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries: The Evidence," Economic Research Papers 269756, University of Warwick - Department of Economics.
- Borek, T. Christopher & Frattarelli, Angelo & Hart, Oliver D., 2014. "Tax Shelters or Efficient Tax Planning? A Theory of the Firm Perspective on the Economic Substance Doctrine," Scholarly Articles 30703804, Harvard University Department of Economics.
- Aghion, Philippe & Dewatripont, Mathias & Legros, Patrick & Zingales, Luigi (ed.), 2016. "The Impact of Incomplete Contracts on Economics," OUP Catalogue, Oxford University Press, number 9780199826216.
- Jaideep Shenoy, 2021. "Firm vertical boundaries, internal capital markets, and firm performance," European Financial Management, European Financial Management Association, vol. 27(1), pages 59-97, January.
- T. Christopher Borek & Angelo Frattarelli & Oliver Hart, 2014. "Tax Shelters or Efficient Tax Planning? A Theory of the Firm Perspective on the Economic Substance Doctrine," Journal of Law and Economics, University of Chicago Press, vol. 57(4), pages 975-1000.
- Dessein, Wouter, 2012. "Incomplete Contracts and Firm Boundaries: New Directions," CEPR Discussion Papers 9019, C.E.P.R. Discussion Papers.
- Giorgio Zanarone, 2012. "Coase (1937) revisited: Endogenous fiat in firms and markets," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 59(2), pages 201-221, July.
- Gibbons, Robert, 2005. "Four forma(lizable) theories of the firm?," Journal of Economic Behavior & Organization, Elsevier, vol. 58(2), pages 200-245, October.
- John M. de Figueiredo & Brian S. Silverman, 2012. "Firm Survival and Industry Evolution in Vertically Related Populations," Management Science, INFORMS, vol. 58(9), pages 1632-1650, September.
- Daniel Ferreira & Thomas Kittsteiner, 2016.
"When Does Competition Foster Commitment?,"
Management Science, INFORMS, vol. 62(11), pages 3199-3212, November.
- Ferreira, Daniel & Kittsteiner, Thomas, 2016. "When does competition foster commitment?," LSE Research Online Documents on Economics 62746, London School of Economics and Political Science, LSE Library.
- Tania Babina & Sabrina T. Howell, 2018. "Entrepreneurial Spillovers from Corporate R&D," NBER Working Papers 25360, National Bureau of Economic Research, Inc.
- Mehrdad Vahabi, 1999.
"From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions,"
Post-Print
halshs-03704424, HAL.
- Vahabi, Mehrdad, 2008. "From Walrasian general equilibrium to incomplete contracts : making sense of institutions," MPRA Paper 37887, University Library of Munich, Germany, revised 2002.
- Mehrdad Vahabi, 1999. "From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions," Cahiers de la Maison des Sciences Economiques j99008, Université Panthéon-Sorbonne (Paris 1).
More about this item
Keywords
Access; Antitrust; Broadband; Common carrier; Contracting; Essential facilities; Ex ante regulation; Firm boundaries; Industrial organization; Internet; Net neutrality; New economy; Pin factory; Schumpeter; Vertical integration; Vertical restraints; K20; K21; K23; L10; L11; L14; L22; L23; L24; L38; L40; L42; L50; L59; L82; L86; L96;All these keywords.
JEL classification:
- K20 - Law and Economics - - Regulation and Business Law - - - General
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
- L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
- L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
- L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revind:v:38:y:2011:i:4:p:363-386. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.