Inderst, Roman; Jakubovic, Zlata; Jovanovic, Dragan - Volkswirtschaftliche Fakultät, … - 2015
labels, retailers increasingly take over functions in the vertical chain. Focusing on innovation, we isolate various reasons … for why when a large retailer grows in size, this can lead to an inefficient shift of innovation activity away from … to a rent-appropriation motive for innovation, next to a hold-up problem. With retail competition, through crowding out …
