Results 1 to 10 of about 19,988 (118)

Exclusive Intermediation [PDF]

open access: yesSSRN Electronic Journal, 2014
In this paper, we argue that an important function fulfilled by intermediaries is to facilitate trust by enabling social pressure towards the enforcement of informal agreements. To that end, we develop a new model that uses network theory to show that intermediaries who have exclusivity over a large enough number of interaction opportunities are able ...
openaire   +3 more sources

Efficient Exclusion

open access: yesSSRN Electronic Journal, 2005
In their influential paper, Aghion and Bolton (1987) argue that a buyer and a seller may agree on high liquidation damages in order to extract rents from future suppliers. As this may distort future trade, it may be socially wasteful. We argue that Aghion and Bolton's analysis of entry is incomplete in some respects, as there is only one potential ...
Moen, Espen R, Riis, Christian
openaire   +4 more sources

Naked Exclusion Under Exclusive-Offer Competition [PDF]

open access: yesSSRN Electronic Journal, 2018
This study constructs a model of anticompetitive exclusive-offer competition between two existing upstream firms. Under exclusive-offer competition, the upstream firm's profit depends on the rival's exclusive offer. If the rival makes an exclusive offer acceptable for the downstream firm, the upstream firm is excluded unless it succeeds in exclusion ...
Kitamura, Hiroshi   +2 more
openaire   +2 more sources

Social Exclusion

open access: yesContemporary Economics, 2011
Social ...
Tomasz Panek, Janusz Czapiński
openaire   +5 more sources

Optimal Exclusion

open access: yes, 2018
In a canonical model of borrowing and lending, an exclusion technology that features full exclusion for a deterministic number of periods following default maximizes stationary equilibrium welfare. This exclusion policy maximizes the stationary volume of mutually beneficial lending transactions.
Monnet, Cyril, Quintin, Erwan
openaire   +3 more sources

EXCLUSIVE QUALITY* [PDF]

open access: yesThe Journal of Industrial Economics, 2008
In the case of vertically differentiated products, Bertrand competition at the retail level does not prevent an incumbent upstream firm from using exclusivity contracts to deter the entry of a high‐quality rival. Indeed, because of differentiation, the incumbent's inferior product is not eliminated upon entry. Due to the resulting competitive pressure,
openaire   +9 more sources

Juggler's Exclusion Process [PDF]

open access: yesJournal of Applied Probability, 2012
Juggler's exclusion process describes a system of particles on the positive integers where particles drift down to zero at unit speed. After a particle hits zero, it jumps into a randomly chosen unoccupied site. We model the system as a set-valued Markov process and show that the process is ergodic if the family of jump height distributions is ...
Leskelä Lasse, Varpanen Harri
openaire   +3 more sources

EXCLUSION AND EXCLUSIVITY IN PROPERTY LAW [PDF]

open access: yesUniversity of Toronto Law Journal, 2008
In this article, I propose a model for understanding the concept of ownership that I call the ‘exclusivity model.’ Like many of the contemporary critics of the ‘bundle of rights’ approach to ownership, I insist that ownership is a legal concept with a well-defined structure. I differ from most of them, however, in the model of ownership that I believe
openaire   +1 more source

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