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Auctions vs. negotiations in vertically related markets
Bacchiega, Emanuele; Bonroy, Olivier; Petrakēs, Emmanuēl - 2020
In a two-tier industry with bottleneck upstream and two downstream firms producing vertically differentiated goods, we identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to sell its essential input. Auctioning off a...
Persistent link: https://www.econbiz.de/10012202056
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Contract contingency in vertically related markets
Bacchiega, Emanuele; Bonroy, Oliver; Petrakēs, Emmanuēl - 2016
We study the optimal contract choice of an upstream monopolist producing an essential input that may sell to two vertically differentiated downstream firms. The upstream supplier can offer an exclusive contract to one of the firms or non-exclusive contracts to both firms. Each of the latter can...
Persistent link: https://www.econbiz.de/10011703396
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Transaction costs and the duration of contracts
MacKay, Alexander - 2017
using federal supply contracts for a standardized product, where suppliers are selected by procurement auctions. The …
Persistent link: https://www.econbiz.de/10011928977
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Auctions vs. Negotiations in Vertically Related Markets
Bacchiega, Emanuele - 2020
In a two-tier industry with bottleneck upstream and two downstream firms producing vertically differentiated goods, we identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to sell its essential input. Auctioning off a...
Persistent link: https://www.econbiz.de/10012837759
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Making sense of non-binding retail-price recommendations
Buehler, Stefan; Gärtner, Dennis L. - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10010270481
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Making sense of non-binding retail-price recommendations
Bühler, Stefan; Gärtner, Dennis L. - 2009
This paper provides a theoretical rationale for non-binding retail price recommendations (RPRs) in vertical supply relations. Analyzing a bilateral manufacturer-retailer relationship with repeated trade, we show that linear relational contracts can implement the surplusmaximizing outcome. If the...
Persistent link: https://www.econbiz.de/10010315607
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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan; Gärtner, Dennis L. - CESifo - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10008583652
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Paying not to sell
Bacchiega, Emanuele; Bonroy, Olivier; Mabrouk, Rania - 2013
In this paper we show that, in the presence of buyer and seller power, a monopolist can enter into a costly contractual relationship with a low-quality supplier with the sole intention of improving its bargaining position relative to a high-quality supplier, without ever selling the good...
Persistent link: https://www.econbiz.de/10011730400
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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power
Heim, Sven; Goetz, Georg - 2013
behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726
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Auctions for private congestible infrastructures
Berg, Vincent A. C. van den - 2012
Persistent link: https://www.econbiz.de/10009722993