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Manufacturers mergers and product variety in vertically related markets

Milliou, Chrysovalantou; Sandonís, Joel - 2014

a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a … manufacturers merger, although it leads to an increase in the wholesale prices, it can enhance product variety. The merger generated … products to consumers, a merger never results into more product variety. Still, both in the presence and in the absence of …

Persistent link: https://www.econbiz.de/10010388531

Bargaining, vertical mergers and entry

Sapi, Geza - 2012

more bargaining power to the merged entity than a horizontal merger to monopoly. The model is applied to analyze strategic … merger incentives to influence entry decisions. Mergers can facilitate and deter entry. While horizontal mergers to deter …

Persistent link: https://www.econbiz.de/10009558227

Upstream horizontal mergers and efficiency gains

Milliou, Chrysovalantou; Pavlou, Apostolis - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger’s potential …

Persistent link: https://www.econbiz.de/10010484491

Welfare implications of supplier encroachment with consumer shopping costs

Caprice, Stéphane; Shekhar, Shiva - 2025

In this paper, we study supplier encroachment in competition with multi-product retailers and its effects on retail profits under endogenous consumer shopping behavior. We find that supplier encroachment (weakly) increases both supplier and retailer profits, as the retailer benefits from better...

Persistent link: https://www.econbiz.de/10015339842

Price Authority under Competing Organizations

Andreu, Enrique; Neven, Damien J; Piccolo, Salvatore; … - 2021

This paper characterizes the degree of price discretion that competing organizations (principals) award to their sales managers (agents) and examines how such discretion is affected by principals' competitive conduct, market concentration, product substitutability, and demand volatility. We lay...

Persistent link: https://www.econbiz.de/10013324336

When Prohibiting Platform Parity Agreements Harms Consumers

Bisceglia, Michele - 2019

We consider a three-level supply chain where a monopolistic seller distributes its product both directly through its own distribution channel and indirectly through platforms accessed by intermediaries competing for final consumers. In this setting, we examine the welfare effects of platform...

Persistent link: https://www.econbiz.de/10012862818

When Prohibiting Wholesale Price-Parity Agreements Harms Consumers

Bisceglia, Michele; Padilla, Jorge; Piccolo, Salvatore - 2020

We study the competitive and welfare effects of wholesale price-parity agreements. These contracts prevent a monopolist, who sells its product to final consumers both directly and indirectly through alternative distribution channels, to charge different input (wholesale) prices to competing...

Persistent link: https://www.econbiz.de/10014093360

Price authority and information sharing with competing principals

Andreu, Enrique; Neven, Damien J.; Piccolo, Salvatore - 2022

We characterize the degree of price discretion that competing principals award their agents in a framework where agents are informed about demand and seek to pass on their unveriÖable distribution costs to consumers at the principalsí expense. Principals learn demand probabilistically and may...

Persistent link: https://www.econbiz.de/10013536306

Exclusive dealing and vertical integration in interlocking relationships

Nocke, Volker; Rey, Patrick - 2014

We develop a model of interlocking bilateral relationships between upstream firms (manufacturers)that produce differentiated goods and downstream firms (retailers) that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting parties....

Persistent link: https://www.econbiz.de/10011490565

A bargaining perspective on vertical integration

Döpper, Hendrik; Sapi, Geza; Wey, Christian - 2022

convey more bargaining power to the merged entity than a horizontal merger to monopoly. In a bidding game for an exogenously … determined target firm, a vertical merger can dominate a horizontal one, while pre-emption does not occur. …

Persistent link: https://www.econbiz.de/10013258145