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  1. Opportunism problems of colluding manufacturers
    Autor*in: Grieselmann, Jana; Hunold, Matthias; Muthers, Johannes; Rasch, Alexander
    Erschienen: [2021]
    Verlag:  Department of Economics, Johannes Kepler University of Linz, Linz-Auhof, Austria

    In a market with two exclusive manufacturer-retailer pairs, we show that colluding manufacturers may not be able to attain supra-competitive profits when contracts with retailers are secret. The stability of manufacturer collusion depends on the... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 398
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    In a market with two exclusive manufacturer-retailer pairs, we show that colluding manufacturers may not be able to attain supra-competitive profits when contracts with retailers are secret. The stability of manufacturer collusion depends on the retailers' beliefs. We consider various dynamic beliefs and find that industry-profit-maximizing collusion is feasible for some. Collusion is even renegotiation-proof under trigger beliefs if a novel condition of opportunism-proofness holds, which can be more demanding than the standard stability condition. Trigger beliefs are not flexible enough to allow for formation of collusion. We demonstrate that adaptive beliefs may be necessary for the formation of manufacturer collusion in a non-collusive industry.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/249047
    Schriftenreihe: Working paper / Department of Economics, Johannes Kepler University of Linz ; no. 2118 (December 2021)
    Schlagworte: opportunism; credible punishment; cartel formation; manufacturer collusion; vertical relations; renegotiation-proof; secret contracting
    Umfang: 1 Online-Ressource (circa 36 Seiten)
  2. Equity as meta-law
    Autor*in: Smith, Henry E.
    Erschienen: October 15, 2020
    Verlag:  Harvard Law School, Cambridge, MA

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1051 (12/2020)
    Schlagworte: equity; polycentricity; opportunism; meta-law; complex system; formalism; contextualism; rules; standards; privity
    Umfang: 1 Online-Ressource (circa 81 Seiten)
    Bemerkung(en):

    Forthcoming in Yale Law Journal

    This paper can also be downloaded without charge from: The Social Science Research Network Electronic Paper Collection: dx.doi.org/10.2139/ssrn.3734662
  3. Opportunism in vertical contracting
    a dynamic perspective
    Autor*in: Do, Jihwan; Miklós-Thal, Jeanine
    Erschienen: 22 January 2022
    Verlag:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Standort:
    Universitätsbibliothek Mannheim
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP16951
    Schlagworte: Vertical contracting; opportunism; dynamic oligopoly; Vertical mergers; Verticalrestraints
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  4. Property law at the transition to exponential growth examples from Japan
    Autor*in: Evans, C. Alexander; Ramseyer, J. Mark
    Erschienen: [2023]
    Verlag:  Harvard Law School, Cambridge, MA

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Sprache: Englisch
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    Format: Online
    Auflage/Ausgabe: Draft of Sept. 21, 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1097 (03/2023)
    Schlagworte: property; commons; anti-commons; hold-ups; opportunism
    Umfang: 1 Online-Ressource (circa 13 Seiten)
  5. Civic capital and the vertical integration of service provision
    evidence from Italy
    Autor*in: Bürker, Matthias; Minerva, G. Alfredo
    Erschienen: 2015
    Verlag:  Banque de France, Paris

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Document de travail / Banque de France ; 564
    Schlagworte: Civic capital; opportunism; vertical integration; service outsourcing; transaction cost economics
    Umfang: Online-Ressource (35 S.), graph. Darst., Kt.
    Bemerkung(en):

    Zsfassung in franz. Sprache
  6. The economics of property law
    Autor*in: Smith, Henry E.
    Erschienen: 06/2017
    Verlag:  Harvard Law School, Cambridge, MA

    The economic analysis of property has made progress in areas of property closest to contracts and torts, where the assumption that legal rules can be studied in isolation has some plausibility. Property law is a system, and economic analysis can be... mehr

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    The economic analysis of property has made progress in areas of property closest to contracts and torts, where the assumption that legal rules can be studied in isolation has some plausibility. Property law is a system, and economic analysis can be used to capture the role of traditional notions of things, possession, and ownership. The theme in all of property law is the separation of clusters of resource related activities for treatment in partial isolation of their context. The very treatment of resource-related activities through rights to things serves to chunk together attributes, activities, and duty bearers for wholesale treatment. These modular things of property law emerge from basic possession and accession. The separation of parts of the world for semi-formal treatment extends through sophisticated forms of entity property, asset partitioning, and mixed systems. All these forms of separation promote specialization and investment, but separation comes at the cost of potential strategic behavior: actors will favor parts of the system from which they benefit more, to the detriment of others. To curtail such strategic behavior around the fault lines of the property system, property law uses a variety of exclusion and governance strategies, equitable interventions, and remedies.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: Pre-final version
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 915
    Schlagworte: Property; possession; transaction costs; separation; opportunism; equity,property rules; liability rules; asset partitioning; entity property
    Umfang: 1 Online-Ressource (circa 35 Seiten)
    Bemerkung(en):

    Published in The Oxford Handbook of Law and Economics, Oxford University Press (2017)