Vertical Restraints Under Asymmetric Information: On The Role Of Participation Constraints
Author
Suggested Citation
DOI: 10.1111/j.1467-6451.2008.00345.x
Download full text from publisher
Other versions of this item:
- Antonio Acconcia & Riccardo Martina & Salvatore Piccolo, 2005. "Vertical Restraints under Asymmetric Information: On the Role of Participation Constraints," CSEF Working Papers 141, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Jan 2007.
References listed on IDEAS
- Farrell, Joseph & Shapiro, Carl, 1990.
"Horizontal Mergers: An Equilibrium Analysis,"
American Economic Review, American Economic Association, vol. 80(1), pages 107-126, March.
- Farrell, J. & Shapiro, C., 1988. "Horizontal Mergers: An Equilibrium Analysis," Papers 17, Princeton, Woodrow Wilson School - Discussion Paper.
- Farrell, Joseph & Shapiro, Carl, 1988. "Horizontal Mergers: An Equilibrium Analysis," Department of Economics, Working Paper Series qt0tp305nx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Joseph Farrell and Carl Shapiro., 1988. "Horizontal Mergers: An Equilibrium Analysis," Economics Working Papers 8880, University of California at Berkeley.
- Maskin, Eric & Riley, John, 1985.
"Input versus output incentive schemes,"
Journal of Public Economics, Elsevier, vol. 28(1), pages 1-23, October.
- Eric Maskin & John G. Riley, 1984. "Input Versus Output Incentive Schemes," UCLA Economics Working Papers 354, UCLA Department of Economics.
- Laffont, Jean-Jacques & Tirole, Jean, 1986.
"Using Cost Observation to Regulate Firms,"
Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 614-641, June.
- Jean Tirole & Jean-Jaques Laffont, 1985. "Using Cost Observation to Regulate Firms," Working papers 368, Massachusetts Institute of Technology (MIT), Department of Economics.
- Whinston, Michael D, 1990.
"Tying, Foreclosure, and Exclusion,"
American Economic Review, American Economic Association, vol. 80(4), pages 837-859, September.
- Michael D. Whinston, 1989. "Tying, Foreclosure, and Exclusion," NBER Working Papers 2995, National Bureau of Economic Research, Inc.
- Martimort, David & Piccolo, Salvatore, 2007.
"Resale price maintenance under asymmetric information,"
International Journal of Industrial Organization, Elsevier, vol. 25(2), pages 315-339, April.
- Salvatore Piccolo & David Martimort, 2003. "Resale Price Maintenance under Asymmetric Information," CSEF Working Papers 107, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Apr 2007.
- Khalil Fahad & Lawarree Jacques, 1995.
"Input versus Output Monitoring: Who Is the Residual Claimant?,"
Journal of Economic Theory, Elsevier, vol. 66(1), pages 139-157, June.
- Khalil, F. & Lawarree, J., 1993. "Input Versus Output Monitoring: Who Is the Residual Claimant?," Working Papers 93-01, University of Washington, Department of Economics.
- Khalil, F. & Lawarree, J., 1993. "Input Versus Output Monitoring: Who Is the Residual Claimant?," Discussion Papers in Economics at the University of Washington 93-01, Department of Economics at the University of Washington.
- Jullien, Bruno, 2000.
"Participation Constraints in Adverse Selection Models,"
Journal of Economic Theory, Elsevier, vol. 93(1), pages 1-47, July.
- Jullien, Bruno, 1997. "Participation Constraints in Adverse Selection Models," IDEI Working Papers 67, Institut d'Économie Industrielle (IDEI), Toulouse.
- Gianni De Fraja & Claudio A. G. Piga, "undated".
"Strategic Debt in Vertical Relationships,"
Discussion Papers
98/16, Department of Economics, University of York.
- Gianni deFraja & Claudio Piga, 2000. "Strategic Debt in Vertical Relationships," Econometric Society World Congress 2000 Contributed Papers 0059, Econometric Society.
- Benjamin F. Blair & Tracy R. Lewis, 1994. "Optimal Retail Contracts with Asymmetric Information and Moral Hazard," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 284-296, Summer.
- David Martimort, 1996.
"Exclusive Dealing, Common Agency, and Multiprincipals Incentive Theory,"
RAND Journal of Economics, The RAND Corporation, vol. 27(1), pages 1-19, Spring.
- Martimort, D., 1992. "Exclusive Dealing, Common Agency and Multiprincipals Incentive Thoery," Papers 92.278, Toulouse - GREMAQ.
- Martimort, David, 1994. "Exclusive Dealing, Common Agency and Multiprincipals Incentive Theory," IDEI Working Papers 43, Institut d'Économie Industrielle (IDEI), Toulouse, revised 1996.
- Bruno Jullien & Claude Jessua, 1996. "L'impact des options extérieures sur les échanges en information asymétrique," Revue Économique, Programme National Persée, vol. 47(3), pages 437-446.
- Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, April.
- Joseph J. Spengler, 1950. "Vertical Integration and Antitrust Policy," Journal of Political Economy, University of Chicago Press, vol. 58(4), pages 347-347.
- Judith A. Chevalier & Anil K. Kashyap & Peter E. Rossi, 2003.
"Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data,"
American Economic Review, American Economic Association, vol. 93(1), pages 15-37, March.
- Judith A. Chevalier & Anil K. Kashyap & Peter E. Rossi, 2000. "Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data," NBER Working Papers 7981, National Bureau of Economic Research, Inc.
- Peter E. Rossi & Judith A. Chevalier & Anil K. Kashyap, 2002. "Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data," Yale School of Management Working Papers ysm291, Yale School of Management.
- Tirole, Jean, 1986.
"Procurement and Renegotiation,"
Journal of Political Economy, University of Chicago Press, vol. 94(2), pages 235-259, April.
- Jean Tirole, 1985. "Procurement and Renegotiation," Working papers 362, Massachusetts Institute of Technology (MIT), Department of Economics.
- G.F. Mathewson & R.A. Winter, 1984. "An Economic Theory of Vertical Restraints," RAND Journal of Economics, The RAND Corporation, vol. 15(1), pages 27-38, Spring.
- Rey, Patrick & Tirole, Jean, 1986.
"The Logic of Vertical Restraints,"
American Economic Review, American Economic Association, vol. 76(5), pages 921-939, December.
- Patrick Rey & Jean Tirole, 1985. "The Logic of Vertical Restraints," Working papers 396, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bruno Jullien & Patrick Rey, 2007.
"Resale price maintenance and collusion,"
RAND Journal of Economics, RAND Corporation, vol. 38(4), pages 983-1001, December.
- Jullien, Bruno & Rey, Patrick, 2000. "Resale Price Maintenance and Collusion," IDEI Working Papers 102, Institut d'Économie Industrielle (IDEI), Toulouse.
- Rey, Patrick & Jullien, Bruno, 2000. "Resale Price Maintenance and Collusion," CEPR Discussion Papers 2553, C.E.P.R. Discussion Papers.
- Lewis, Tracy R & Sappington, David E M, 1989. "Inflexible Rules in Incentive Problems," American Economic Review, American Economic Association, vol. 79(1), pages 69-84, March.
- Gal-Or, Esther, 1991. "Vertical Restraints with Incomplete Information," Journal of Industrial Economics, Wiley Blackwell, vol. 39(5), pages 503-516, September.
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, April.
- Fraja, Gianni De & Piga, Claudio A. G., 2004. "Strategic debt in vertical relationships: theory and evidence," Research in Economics, Elsevier, vol. 58(2), pages 103-123, June.
- Lewis, Tracy R. & Sappington, David E. M., 1989. "Countervailing incentives in agency problems," Journal of Economic Theory, Elsevier, vol. 49(2), pages 294-313, December.
- Maggi G. & Rodriguez-Clare A., 1995. "On Countervailing Incentives," Journal of Economic Theory, Elsevier, vol. 66(1), pages 238-263, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Daniel Danau & Annalisa Vinella, 2017. "Contractual design in agency problems with non-monotonic cost and correlated information," SERIES 02-2017, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Mar 2017.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011.
"“When Should Manufacturers Want Fair Trade?”: New Insights from Asymmetric Information when Supply Chains Compete,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(3), pages 649-677, September.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information when Supply Chains Compete," Post-Print halshs-00754510, HAL.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information when Supply Chains Compete," PSE-Ecole d'économie de Paris (Postprint) halshs-00754510, HAL.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2009. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information," CSEF Working Papers 218, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 08 Apr 2010.
- Evans, Shane, 2010. "Menus of linear contracts in procurement with type-dependent reservation utility," Working Papers 10280, University of Tasmania, Tasmanian School of Business and Economics, revised 05 Oct 2010.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martimort, David & Piccolo, Salvatore, 2007.
"Resale price maintenance under asymmetric information,"
International Journal of Industrial Organization, Elsevier, vol. 25(2), pages 315-339, April.
- Salvatore Piccolo & David Martimort, 2003. "Resale Price Maintenance under Asymmetric Information," CSEF Working Papers 107, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Apr 2007.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2009. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information," CSEF Working Papers 218, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 08 Apr 2010.
- Leda Maria Bonazzi & Raffaele Fiocco & Salvatore Piccolo, 2021.
"Vertical Price Restraints and Free Entry Under Asymmetric Information,"
Journal of Industrial Economics, Wiley Blackwell, vol. 69(4), pages 854-899, December.
- Leda Maria Bonazzi & Raffaele Fiocco & Salvatore Piccolo, 2020. "Vertical Price Restraints and Free Entry Under Asymmetric Information," CSEF Working Papers 564, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Salvatore Piccolo & David Martimort, 2006. "The Strategic Value of Incomplete Contracting in a Competing Hierarchies Environment," CSEF Working Papers 160, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 08 Dec 2006.
- Stefan Buehler & Dennis L. Gärtner, 2013.
"Making Sense of Nonbinding Retail-Price Recommendations,"
American Economic Review, American Economic Association, vol. 103(1), pages 335-359, February.
- Stefan Bühler & Dennis L. Gärtner, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," University of St. Gallen Department of Economics working paper series 2009 2009-02, Department of Economics, University of St. Gallen.
- Stefan Buehler & Dennis L. Gärtner, 2010. "Making Sense of Non-Binding Retail-Price Recommendations," CESifo Working Paper Series 3024, CESifo.
- Stefan Buehler & Dennis L. Gaertner, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," SOI - Working Papers 0902, Socioeconomic Institute - University of Zurich.
- Gärtner, Dennis L & Buehler, Stefan, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," Department of Economics, Working Paper Series qt51z312zt, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011.
"“When Should Manufacturers Want Fair Trade?”: New Insights from Asymmetric Information when Supply Chains Compete,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(3), pages 649-677, September.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information when Supply Chains Compete," Post-Print halshs-00754510, HAL.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2011. ""When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information when Supply Chains Compete," PSE-Ecole d'économie de Paris (Postprint) halshs-00754510, HAL.
- David Martimort & Salvatore Piccolo, 2010.
"The Strategic Value of Quantity Forcing Contracts,"
American Economic Journal: Microeconomics, American Economic Association, vol. 2(1), pages 204-229, February.
- David Martimort & Salvatore piccolo, 2010. "The Strategic Value of Quantity Forcing Contracts," Post-Print halshs-00754478, HAL.
- Bakó, Barna & Kálecz-Simon, András, 2012. "Vertikális korlátozások - növelik vagy csökkentik a jólétet?. Érvek az irodalomból [Vertical constraints - do they increase or reduce welfare?. Arguments in the literature]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1138-1159.
- Committee, Nobel Prize, 2014. "Market power and regulation (scientific background)," Nobel Prize in Economics documents 2014-2, Nobel Prize Committee.
- Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 27, pages 1557-1700, Elsevier.
- Noldeke, Georg & Samuelson, Larry, 2007.
"Optimal bunching without optimal control,"
Journal of Economic Theory, Elsevier, vol. 134(1), pages 405-420, May.
- Noldeke,G. & Samuelson,L., 2005. "Optimal bunching without optimal control," Working papers 13, Wisconsin Madison - Social Systems.
- Nöldeke, Georg & Samuelson, Larry, 2006. "Optimal Bunching without Optimal Control," Working papers 2006/12, Faculty of Business and Economics - University of Basel.
- Georg Noldeke & Larry Samuelson, 2006. "Optimal Bunching without Optimal Control," Levine's Bibliography 784828000000000502, UCLA Department of Economics.
- Piccolo, Salvatore & D'Amato, Marcello & Martina, Riccardo, 2008. "Product market competition and organizational slack under profit-target contracts," International Journal of Industrial Organization, Elsevier, vol. 26(6), pages 1389-1406, November.
- Yaron Yehezkel, 2008. "Retailers' choice of product variety and exclusive dealing under asymmetric information," RAND Journal of Economics, RAND Corporation, vol. 39(1), pages 115-143, March.
- Jakub Kastl & David Martimort & Salvatore Piccolo, 2008. "Delegation and R&D Spending: Evidence from Italy," CSEF Working Papers 192, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 17 Oct 2009.
- Jensen, S., 2000. "Price Discrimination and Three Part Tariffs in a Duopoly," Papers 3/2000, Norwegian School of Economics and Business Administration-.
- Marcello D'Amato & Riccardo Martina & Salvatore Piccolo, 2005. "Competitive Pressure, Incentives and Managerial Rewards," CSEF Working Papers 148, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Jul 2006.
- Lau, Amy Hing Ling & Lau, Hon-Shiang & Wang, Jian-Cai, 2010. "Usefulness of resale price maintenance under different levels of sales-effort cost and system-parameter uncertainties," European Journal of Operational Research, Elsevier, vol. 203(2), pages 513-525, June.
- Stole, Lars A., 2007. "Price Discrimination and Competition," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 34, pages 2221-2299, Elsevier.
- David Rietzke & Yu Chen, 2020.
"Push or pull? Performance‐pay, incentives, and information,"
RAND Journal of Economics, RAND Corporation, vol. 51(1), pages 301-317, March.
- Yu Chen & David Michael Rietzke, 2016. "Push or pull? Performance pay, incentives, and information," Working Papers 127987900, Lancaster University Management School, Economics Department.
- David Rietzke & Yu Chen, 2018. "Push or Pull? Performance-Pay, Incentives, and Information," Graz Economics Papers 2018-12, University of Graz, Department of Economics.
- Luis Garicano & Tano Santos, 2004.
"Referrals,"
American Economic Review, American Economic Association, vol. 94(3), pages 499-525, June.
- Luis Garicano & Tano Santos, 2001. "Referrals," NBER Working Papers 8367, National Bureau of Economic Research, Inc.
More about this item
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L4 - Industrial Organization - - Antitrust Issues and Policies
- L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
Statistics
Access and download statisticsCorrections
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:bla:jindec:v:56:y:2008:i:2:p:379-401. See general information about how to correct material in RePEc.
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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.