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This paper examines the relationship between firms' productivity improvement and the volume of exports, and shows that …) and multimarket linkages (i.e., horizontally). We find that an improvement of the manufacturing productivity affects the … look surprising. This result can explain for the empirical "productivity puzzle" found in Ghemawat et al. (2010). Related …
Persistent link: https://www.econbiz.de/10008748275
This paper examines the relationship between firms' productivity improvement and the volume of exports, and shows that …) and multimarket linkages (i.e., horizontally). We find that an improvement of the manufacturing productivity affects the … look surprising. This result can explain for the empirical productivity puzzle found in Ghemawat et al. (2010). Related to …
Persistent link: https://www.econbiz.de/10010332413
The conventional antitrust wisdom is that buyer side market power or monopsony is so unusual and so rarely anticompetitive that it should not merit more than a scholarly afterthought. Moreover, these brief mentions typically say it is essentially the mirror image of seller power or that, while...
Persistent link: https://www.econbiz.de/10014214959
The paper redefines different types of vertical market structure, such as double monopoly, bilateral monopoly, and two-sided monopoly. The core issue can be stated as follows: When there is bilateral monopoly, what are the differences between two-sided monopoly and one-sided monopoly as far as...
Persistent link: https://www.econbiz.de/10014160043
We analyze how consumer preferences for one-stop shopping a¤ect the (Nash) bargaining relationships between a retailer and its suppliers. One-stop shopping preferences create demand complementarities among otherwise independent products which lead to two opposing effects on upstream merger...
Persistent link: https://www.econbiz.de/10011715307
The countervailing power of large buyers subdues the market power of sellers, but price concessions won by large buyers in upstream markets may or may not translate into lower prices downstream. This paper presents a model in which upstream price concessions leads to lower downstream prices. In...
Persistent link: https://www.econbiz.de/10013118436
Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer(s) and the retailer bargain over non-linear...
Persistent link: https://www.econbiz.de/10014468831
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices...
Persistent link: https://www.econbiz.de/10013156874
This paper provides a comprehensive econometric framework for the empirical analysis of buyer power. It encompasses the two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over rents. Disentangling them is critical to the empirical...
Persistent link: https://www.econbiz.de/10003854239
show that they increase with firm's output and market size. We find that wage rises with firm's productivity, but fall with …
Persistent link: https://www.econbiz.de/10012221390