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....

Die Globalisierung verändert dieMarktmacht der unterschiedlichengesellschaftlichen Gruppen. AberGesellschaft und Politik haben trotzdemerhebliche Gestaltungsspielräume.Vor allem in Deutschland wurden sieso genutzt, dass sich die Einkommensverteilungdramatisch verschlechtert hat.Dazu gibt es...

Though unambiguously outperforming all other ¯nancial markets in terms of liquidity,foreign exchange trading is still performed in opaque and decentralized markets. In par-ticular, the two-tier market structure consisting of a customer segment and an interdealersegment to which only market...

In this paper, we address the incentives to invest in environmental innovation of enterprisesthat exercise market power in the output market and also buy and sell pollution permits.Differently from the existing literature, using a market approach we explicitly model theinteraction between the...

In a vertically separated industry, where the input suppliers have significantmarket power, not only entry but also the markets (upstream or downstream) withentry possibilities might be a concern to the policy makers. While ‘entry in thedownstream market only’ always increases welfare,...

The literature on technology licensing has ignored the importance ofmarket power of the input supplier. In this paper we examine the incentive forlicensing in the downstream industry when the firms in the upstream industry havemarket power. We show that licensing in the downstream industry is...