Access the full text.
Sign up today, get DeepDyve free for 14 days.
L. Marx, G. Shaffer (2004)
Opportunism in Multilateral Vertical Contracting: Nondiscrimination, Exclusivity, and Uniformity: CommentThe American Economic Review, 94
Gregg Frasco (1990)
Exclusive Dealing: A Comprehensive Case Study
Sanford Grossman, O. Hart (1986)
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral IntegrationJournal of Political Economy, 94
B. Klein, L. Saft (1985)
The Law and Economics of Franchise Tying ContractsThe Journal of Law and Economics, 28
P. Grout (1984)
Investment and Wages in the Absence of Binding Contracts: A Nash Bargining ApproachEconometrica, 52
Segal Segal, Whinston Whinston (2000)
Exclusive Contracts and Protection of InvestmentsRAND Journal of Economics, 31
I. Segal (2003)
Collusion, Exclusion, and Inclusion in Random-Order Bargaining
O. Hart, J. Tirole (1990)
Vertical integration and market foreclosure, 21
Oliver Hart (1995)
Firms, contracts, and financial structureJournal of Finance, 51
M. Ellman (2006)
Specificity revisited: The role of cross-investmentsJournal of Law Economics & Organization, 22
B. Klein, R. Crawford, A. Alchian (1978)
Vertical Integration, Appropriable Rents, and the Competitive Contracting ProcessThe Journal of Law and Economics, 21
Marvel Marvel (1982)
Exclusive DealingJournal of Law and Economics, 25
D. Meza, Ben Lockwood (2004)
Spillovers, Investment Incentives and the Property Rights Theory of the FirmWiley-Blackwell: Journal of Industrial Economics
D. Meza, M. Selvaggi (2003)
Please Hold me Up: Why Firms Grant Exclusive Dealing ContractsThe Centre for Market and Public Organisation
I. Segal, M. Whinston (1998)
Exclusive Contracts and Protection of InvestmentsContracts & Commercial Law eJournal
M. Osborne, A. Rubinstein (1991)
Bargaining and Markets
O. Hart, John. Moore (1988)
Property Rights and the Nature of the FirmJournal of Political Economy, 98
F. Mathewson, Ralph Winter (1987)
The Competitive Effects of Vertical Agreements: Comment
K. Binmore, A. Rubinstein, A. Wolinsky (1985)
The Nash bargaining solution in economic modelling
Antoni Calvó-Armengol (1999)
A note on three-player noncooperative bargaining with restricted pairwise meetingsEconomics Letters, 65
A. Rubinstein (1982)
Perfect Equilibrium in a Bargaining ModelEconometrica, 50
S. Masten, Edward Snyder (1993)
United States versus United Shoe Machinery Corporation: On the MeritsThe Journal of Law and Economics, 36
De Meza De Meza, Lockwood Lockwood (2004)
Appropriability, Investment Incentives and the Property Rights Theory of the FirmJournal of Industrial Economics, 52
Edlin Edlin, Reichelstein Reichelstein (1996)
Holdups, Standard Breach Remedies, and Optimal InvestmentAmerican Economic Review, 86
Toro Times (2005)
Fun and GamesHeading Home With Your Newborn
K. Binmore (1994)
Bargaining theory without tearsInvestigacion Economica, 18
A. Edlin, S. Reichelstein (1995)
Holdups, Standard Breach Remedies, and Optimal InvestmentRemedies eJournal
(2003)
Investment Dynamics and Contractual Remedies to the Holdup Problem
Yeon-Koo Che, J. Sákovics (2004)
A Dynamic Theory of HoldupEconometrica, 72
P. Aghion, P. Bolton (1987)
Contracts as a barrier to entryThe American Economic Review, 77
Bengt Holmstrom, John Roberts (1998)
The Boundaries of the Firm RevisitedJournal of Economic Perspectives, 12
T. Chung (1991)
On the Social Optimality of Liquidated Damage Clauses: An Economic AnalysisJournal of Law Economics & Organization, 8
G. Baker, R. Gibbons, Kevin Murphy (1997)
Relational Contracts and the Theory of the FirmUSC Marshall: Finance (Topic)
David Besanko, M. Perry (1993)
Equilibrium incentives for exclusive dealing in a differentiated products oligopolyThe RAND Journal of Economics, 24
K. Spier, M. Whinston (1995)
On the Efficiency of Privately Stipulated Damages for Breach of Contract: Entry Barriers, Reliance, and RenegotiationThe RAND Journal of Economics, 26
F. Mathewson, Ralph Winter (1994)
TERRITORIAL RESTRICTIONS IN FRANCHISE CONTRACTSEconomic Inquiry, 32
Alison Jones, B. Sufrin (2001)
EC Competition Law: Text, Cases, and Materials
K. Binmore (1986)
Bargaining and coalitions
D. Meza, Ben Lockwood (1998)
Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm
Rubinstein Rubinstein, Wolinsky Wolinsky (1987)
MiddlemenQuarterly Journal of Economics, 102
P. Aghion, J. Tirole (1994)
The Management of InnovationQuarterly Journal of Economics, 109
Jonathan Levin (2003)
Relational Incentive ContractsThe American Economic Review, 93
Y. Chiu (1998)
Noncooperative Bargaining, Hostages, and Optimal Asset OwnershipThe American Economic Review, 88
Lars Stole, Jeffrey Zwiebel (1996)
Intra-firm Bargaining under Non-binding ContractsThe Review of Economic Studies, 63
Christian Groh, G. Spagnolo (2004)
Exclusive Contracts, Loss to Delay and Incentives to InvestIO: Firm Structure
E. Azear, Orley Ashenfelter, J. Betts, Gary Becker, Simon Board, Janet Currie, Williamson Evers, Victor Fuchs, Jeffrey Grogger, E. Hanushek, James Heckman, C. Hoxby, A. Krueger, S. Rosen (2001)
THE QUARTERLY JOURNAL OF ECONOMICS
B. Klein (1988)
Vertical Integration as Organizational Ownership: The Fisher Body-General Motors Relationship RevisitedJournal of Law Economics & Organization, 4
B. Bernheim, M. Whinston (1996)
Exclusive DealingJournal of Political Economy, 106
Ebbs Hendon, Torben Tranæs (1991)
Sequential bargaining in a market with one seller and two different buyersGames and Economic Behavior, 3
P. Bolton, M. Whinston (1993)
Incomplete Contracts, Vertical Integration, and Supply AssuranceThe Review of Economic Studies, 60
Grossman Grossman, Hart Hart (1986)
The Costs and Benefits of Ownership: A Theory of Lateral and Vertical IntegrationJournal of Political Economy, 94
J. Tirole (1999)
Incomplete contracts: Where do we stand?Econometrica, 67
R. Inderst (2002)
Bargaining Theory with ApplicationsThe Economic Journal, 112
Exclusive contracts prohibit one or both parties from trading with anyone else. Contrary to earlier findings, we show that investments that are specific to the contracting parties may be encouraged by exclusivity. Results depend on the nature of investments and the bargaining solution. The major part of the analysis shows that exclusivity deals designed to “assure” the supply of essential inputs promote investment. Infinite penalties for breach, even if ex post renegotiable, may result in excessive investment, in which case a positive but finite damage payment yields the first‐best outcome.
The Rand Journal of Economics – Wiley
Published: Mar 1, 2007
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.