IDEAS home Printed from https://ideas.repec.org/a/oup/oxford/v12y1996i4p11-26.html
   My bibliography  Save this article

Market Power and Inefficiency: A Contracts Perspective

Author

Listed:
  • Vickers, John

Abstract

This paper surveys the economics of market power from the perspective of contract theory. Various practices that might be of competition policy concern including price discrimination, quantity discounts, bundling, vertical integration, and contracts with customers -- are discussed in terms of constraints on profit maximization, chiefly arising from incomplete information and credible commitment problems. First, the exploitation of pure monopoly power over final consumers or downstream, firms is discussed. Then motives for anticompetitive behavior towards rival firms are considered, including avoidance of profit dissipation, extraction of rival surplus, and exploitation of customer disunity. Copyright 1996 by Oxford University Press.

Suggested Citation

  • Vickers, John, 1996. "Market Power and Inefficiency: A Contracts Perspective," Oxford Review of Economic Policy, Oxford University Press, vol. 12(4), pages 11-26, Winter.
  • Handle: RePEc:oup:oxford:v:12:y:1996:i:4:p:11-26
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eduardo Saavedra, "undated". "Opportunistic Behavior and Legal Disputes in the Chilean Electricity Sector," ILADES-Georgetown University Working Papers inv130, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    2. Antonio Nicita & Giovanni Ramello, 2005. "Exclusivity and Antitrust in Media Markets: The Case of Pay-TV in Europe," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 12(3), pages 371-387.
    3. Julien Forder & Ann Netten, 2000. "The price of placements in residential and nursing home care: the effects of contracts and competition," Health Economics, John Wiley & Sons, Ltd., vol. 9(7), pages 643-657.
    4. Armstrong, Mark, 2001. "The theory of access pricing and interconnection," MPRA Paper 15608, University Library of Munich, Germany.
    5. Bickenbach, Frank & Kumkar, Lars & Soltwedel, RĂ¼diger, 1999. "The new institutional economics of antitrust and regulation," Kiel Working Papers 961, Kiel Institute for the World Economy (IfW).
    6. Michie, Jonathan, 1997. "Network externalities--the economics of universal access," Utilities Policy, Elsevier, vol. 6(4), pages 317-324, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:oup:oxford:v:12:y:1996:i:4:p:11-26. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: https://academic.oup.com/oxrep .

    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.

    We have no references for this item. You can help adding them by using 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.