Bergès-Sennou, F.; Chambolle, C. - Département d'Économie et Sociologie Rurales, … - 2005
In this paper, we analyze how the upstream Bertrand competition is distorted when we take into account repetition of the interactions within a vertical relationship. We argue that, in a two-period setting, a downstream monopsonist may prevent an efficient producer to prey on a less efficient...