The baseball strike is quite intriguing when you view it from the bargaining power lens. This strike led to the cancellations of the leading scheduled games. For instance, during the June 12- July 31, it forced the cancellation of 712 matches (Holland, 2016). A committee had to be formed by Robert Murphy to address the grievances of all the stakeholders involved in this strike. The committee formed convinced players not follow unions agreements, but instead follow the advice from owners. After that, negotiations brought onboard new contracts. For instance, players got a 25% pay cut, at least $5,000 in salary payments, and a pension plan (Kessinger, 2017). Players won the right to their bargain for their services. Hence, from this scenario, it is true that BATNA creates an avenue for both parties to feel at ease with the other party. BATNA makes sure that none of the parties involved would exploit the other. But for this case, the baseball negotiation favored the players (Siqueira 2016). In the end, the players had the freedom to reverse their contract clauses beyond their first two years. Secondly, they won the right to look for greener pastures if a need arises and even further bargained for their pension contribution. Lastly, the players’ ability to be free agents.
Lesmills organization offers the best group fitness experience. It was just the other day that Lesmill launched a world-class in-demand program similar to that of Beachbody. As far as I can recall, Lesmills was working under Beachbody. The same services they are offering now were initially owned by Beachbody. Now Lesmill owns the same services it used to provide while working under the umbrella of Beachbody. Hence, I have a feeling that Lesmill used Beachbody as a complementor to mug up the world-class gym program services. Ironically, Lesmill is now the fiercest competitor of Beachbody for the same gym services. Lesmill is now the proud owner of the combat kickboxing classes being conducted from home that used to be owned by Beachbody. Lesmill offers these classes alongside other complementary products like supplements in competition with Beachbody. Lesmill is now the leading company offering the above services. They have already gained a vast customer base, which they stole from Beachbody.
The take or pay provision contract benefits both the seller and buyer since this provision helps in risk sharing. The take or pay provision also benefits the entire society through its natural way of reducing transaction costs and facilitating trade (Bily, 1990). For instance, in our above example, the buyer can only agree to purchase one unit of product at $80 if they could manage to buy 100 units. If they are buying less than 100 units, they have to pay $60 for units not bought. With such a contract, buyers are entitled to purchase in bulk from such a supplier. In return, the supplier will acquire marginal advantage and gain over the fixed cost of the majority of goods purchased. With such cardinal contracts, suppliers discourage most buyers from purchasing products in small quantities. With abundant quantities, the supplier acquires both marginal advantages and fixed costs, while the buyer also receives a discounted price, which is lower than the market price. With such a contract in place, suppliers tend to sell more on a large scale while buyers also tend to buy on a large scale hence both enjoy the economies of scale.
Bily, K. J. (1990). Royalty on Take-or-Pay Payments and Related Consideration Acquiring to Producers. Hous. L. Rev., 27, 105.
Holland, B. (2016). Enforceability of take-or-pay provisions in English law contracts–resolved. Journal of Energy & Natural Resources Law, 34(4), 443-453.
Kessinger, Z. (2017). Strike Two, and You’re Out the Need for a More Stringent Drug Policy in Major League Baseball. Wash. U. Jurisprudence Rev., 10, 257.
Siqueira Paranhos Velloso, C. (2016). Game Changers: Baseball Fans, Strikes, and Free Agency.
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