Monopolization with Must-Haves

• 成果类型: Article
• 署名作者: Ide, Enrique; Montero, Juan-Pablo
• 署名单位: Pontificia Universidad Catolica de Chile
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
• ISSN/ISSBN: 1945-7669
• DOI: 10.1257/mic.20230018
• 发表日期: 2024
• 页码: 284-320
• 关键词: naked exclusion; barrier; entry; POWER

摘要

An increasing number of monopolization cases have been constructed around the notion of must-have items: products that distributors must carry to compete effectively. Motivated by these cases, , we consider a multiproduct setting where upstream suppliers sell their products through competing distributors offering one-stop-shopping convenience to consumers. We show the emergence of products that distributors cannot afford not to carry if their rivals do. A supplier of such products can exploit this must-have property, , along with tying and exclusivity provisions, , to monopolize adjacent, , otherwise-competitive markets. Policy interventions that ban tying or exclusivity provisions may prove ineffective or even backfire. ( JEL D43, K21, L13, L14, L42, L81) )