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...

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....

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...

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...

This paper examines an economic union where oligopolistic firms produce by skilled andunskilled labor and do in-house R&D by skilled labor. The planner of the union accepts newmembers to the union, regulates the labor market through a minimum wage for unskilledlabor and supports firms by...

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....