This paper focuses on price transmission in a vertically-related set-up where the retail stage may exercise oligopoly and/or oligopsony power, an issue addressed by the UK anti-trust authority investigation of the food retailing sector. From a theoretical perspective, we set out simple tests...

In this paper, we aim to model the vertical relation between retailers and suppliersin the food industry whereby retailers exercise seller power in their relation with consumersand buyer power in their relation with producers. We then evaluate the degree of pricetransmission, relative to the...

This paper is concerned with the impact of food scares, principally the BSE crisis, in the UK and focuses on price adjustment at different stages in a vertically-related market. Our interest is motivated primarily by the presence of market power that is alleged to occur in UK food retailing....

Recent econometric studies only emphasize the role of longterm demand expectations and technological capability. They neglect the impact of buyer market structure on innovative efforts of input suppliers....

This paper develops a model in order to explore how a banks equity stake in a competitor of a borrower affects the financing relationship with the borrower and product market outcomes.

We find little support for the Schumpeterian hypothesis of a positiverelationship between market power and innovation in 1950’s Britain eventhough many economists and policymakers accepted it at the time. Pricefixingagreements were very widespread prior to the 1956 RestrictivePractices Act and...

Der Milchstreik im Jahr 2008 machte auf die Problematik der geringen Erzeugerpreise für Milch aufmerksam und lösteDiskussionen um die Verteilung der Erlöse entlang derWertschöpfungskette (WSK) Milch aus. Vor diesem Hintergrundführte das Bundeskartellamt im Jahr 2009 eine Sektoruntersuchung...

Two stylized representations are often found in the academic and policy literature oninformality and formality in developing countries. The first is that the informal (or unregulated)sector is more competitive than the formal (or regulated) sector. The second is that contractenforcement is...