This paper proposes a structural econometric model to analyze the influence of uncertain disagreement outcomes on the settlement of new agreements between parties with uneven bargaining power. By including the the findings of theoretical literature on the requirements to reach agreements under...

We compare the traditional model for structurally estimating bargaining power solutions assuming certainty on the disagreement payoffs against a model assuming evenly distributed bargaining power and uncertainty on disagreement profits. We find substantial differences in the distribution of the...

Market concentration has been suggested as an enhancer of bargaining power imbalances for vertical commercial relationships. However, the empirical literature has not yet explored in which way this market concentration, as a result of -for instance- a M&A operations, could affect the...

Retailer bargaining power is an important aspect of many international antitrust investigations. Size and market share analysis are often the cornerstones of bargaining power identi cation. However, other factors, like consumer behavior, i.e. "one-stop shopping", can heavily a ect the bargaining...

For more than 15 years, Local Loop Unbundling (LLU) has been introduced as a regulatory mean to overcome the bottleneck control over the last mile of copper cable owned by incumbent operators. However, despite its assumed positive effects on market entry and competition intensity, negative...

Regulation of traditional narrow- and broadband networks remains a key issue in telecommunication policies. Due to the vertical structure of telecommunication markets and to promote investment, regulatory policies in many European Member States focus on wholesale obligations (so-called remedies)...

This paper provides evidence that ownership and organization matters for the efficiency of provision of public services. In particular, we find that pure private ownership is more efficient than pure public ownership, and public ownership is more efficient than mixed ownership. The delegation of...

In this paper, we analyze the strategic role of the recent introduction of national brand products by hard discounters in the French market and its impact both at the retail and manufacturer levels. We use a structural econometric model of vertical relationships that takes into account the...

I analyze a quasi-natural experiment of fiber broadband rollout in a rural German area. The analysis particularly investigates the impact on real estate values. I find that there are strong and significant effects of fiber broadband deployment. These indicate that there are relevant personal...