Do vertical contracts lead to foreclosure and efficiency gains? an empirical study of the food and beverage industry

HIGHLIGHTS

• What: Despite the controversy surrounding the effects of vertical agreements they may be pro- or anti-competitive the paper shows that not only market concentration but also intra-sectoral asymmetries are crucial factors to consider in distinguishing between foreclosing and efficiency-enhancing agreements. The US approach to monopoly creation is softer and is aimed at preventing the acquisition of rivals by similar firms. At present, the main objectives of the competition policy are in the direction of the efficiency-enhancing effects and of the European market integration, mainly the maintenance of the competitive markets with the aim . . .
  

   

  

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