Name: Vertical Contracts as Strategic Commitments (en Inglés)
Price: 27.32 USD
Availability: InStock
Author: Penny Hill Press Inc ; Federal Trade Commission
ISBN: 9781523389476

portada Vertical Contracts as Strategic Commitments (en Inglés)

Vertical Contracts as Strategic Commitments (en Inglés)

Formato

Libro Físico

Ilustrado por

Penny Hill Press Inc

Editorial

Createspace

Autor

Penny Hill Press Inc ; Federal Trade Commission

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

28.0 x 21.6 x 0.2 cm

Peso

0.10 kg.

ISBN13

9781523389476

Categorías

Empresa y gestión

Vertical Contracts as Strategic Commitments (en Inglés)

Penny Hill Press Inc (Ilustrado por) · Createspace · Tapa Blanda

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Reseña del libro "Vertical Contracts as Strategic Commitments (en Inglés)"

Recent literature has shown that when retailers cannot observe contracts between a manufacturer and their rivals, the manufacturer will be unable to obtain the vertically integrated profit using two-part tariff contracts alone. It has been suggested that vertical restraints, such as RPM and exclusive territories, are observable and thus permit the manufacturer to obtain profits closer to the vertically integrated level. Observability, however, is not sufficient. To serve as a strategic commitment mechanism, a vertical contract must be enforceable as well. We show that the vertical contracts that have been the focus of the recent literature are not self-enforcing but must be externally enforced. We find that in practice the enforceability condition has not been met. This suggests that models which rest on the premise that vertical restraints are strategic commitments do not provide general explanations of these practices.