Construct · 1 fields · 1 citations

most-favored-customer clause: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
most-favored-customerclause1 CONSTRUCTMost-favored-customerCOOPER · INDUSTRIAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Industrial organization

contract promising a buyer the lowest price offered to any customer, which can soften price competition and support tacit collusion.

In industrial organization, most-favored-customer clause refers to contract promising a buyer the lowest price offered to any customer, which can soften price competition and support tacit collusion. This meaning comes from Cooper (1986) in The RAND Journal of Economics.[1]

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Nearby constructs

clause2 fields · 3 citationsjingle · one word, two constructscooper1 fields · 2 citationsanchor · a standalone constructcontract4 fields · 6 citationsjingle · one word, four contracts

References

  1. Cooper, T. E. (1986). Most-Favored-Customer Pricing and Tacit Collusion. The RAND Journal of Economics, 17(3), 377. https://doi.org/10.2307/2555718

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