Chen, Zhiqi; Ding, Hong - In: International studies of economics 17 (2022) 3, pp. 278-295
buyer power. Using an extension of the Dixit-Stiglitz model of monopolistic competition, we compare the effects of subsidies … consumers versus the case where they are distributed through a monopoly retailer with buyer power. We find that a production … different. Compared with the case where products are distributed directly to consumers, retailer buyer power reduces product …