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1959•The Yale Law JournalOpen access

Competition, Contract, and Vertical Integration

Friedrich Keßler, Richard H. Stern

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Abstract

VERTICAL integration, the coordination of successive stages of production or distribution,' has received considerable attention in recent years.This attention, however, has been confined largely to integration by stock or asset acquisition--ownership integration.Contract integration-vertical contractual arrangements such as requirement, output, exclusive dealing, franchise, consignment, and agency agreements 2 --has just begun to be treated as a form of vertical integration 3 although it is widely used to achieve industrial coordina-tJustus S. Hotchkiss Professor of Law, Yale Law School.tTrial Attorney, Antitrust Division, U.S

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VERTICAL integration, the coordination of successive stages of production or distribution,' has received considerable attention in recent years.This attention, however, has been confined largely to integration by stock or asset acquisition--ownership integration.Contract integration-vertical contractual arrangements such as requirement, output, exclusive dealing, franchise, consignment, and agency agreements 2 --has just begun to be treated as a form of vertical integration 3 although it is widely used to achieve industrial coordina-tJustus S. Hotchkiss Professor of Law, Yale Law School.tTrial Attorney, Antitrust Division, U.S

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Available abstract

VERTICAL integration, the coordination of successive stages of production or distribution,' has received considerable attention in recent years.This attention, however, has been confined largely to integration by stock or asset acquisition--ownership integration.Contract integration-vertical contractual arrangements such as requirement, output, exclusive dealing, franchise, consignment, and agency agreements 2 --has just begun to be treated as a form of vertical integration 3 although it is widely used to achieve industrial coordina-tJustus S. Hotchkiss Professor of Law, Yale Law School.tTrial Attorney, Antitrust Division, U.S

Key concepts: Competition (biology), Vertical integration, Business, Industrial organization, Law and economics, Economics, Biology, Ecology

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