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The Modern Wholesaler : Global Sourcing, Domestic Distribution, and Scale Economies

Ganapati, Sharat - National Bureau of Economic Research - 2024

Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were intermediated by wholesalers in 2012, up from 32 percent in 1992. Seventy percent of this increase is due to the growth of "superstar" firms - the largest one percent of wholesalers....

Persistent link: https://www.econbiz.de/10014468236

Remedies for Price Overcharges : The Deadweight Loss of Coupons and Discounts

Polinsky, A. Mitchell - 2003

This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...

Persistent link: https://www.econbiz.de/10012468532

Assessing the Anticompetitive Effects of Multiproduct Pricing

Carlton, Dennis W. - 2008

In response to the "standardless" approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty discounts like...

Persistent link: https://www.econbiz.de/10012464448

Markups and Entry in a Circular Hotelling Model

Barro, Robert J. - National Bureau of Economic Research - 2024

The Hotelling locational model and its adaptations to a circular city provide a core framework for research in industrial organization. The present paper expands the explanatory power of this model by incorporating a continuum of consumers with constant-elasticity demand functions along with...

Persistent link: https://www.econbiz.de/10014635623

Nonlinear Pricing and Misallocation

Bornstein, Gideon; Peter, Alessandra - National Bureau of Economic Research - 2024

This paper studies the effect of nonlinear pricing on markups and misallocation. We develop a general equilibrium model of firms that are allowed to set a quantity-dependent pricing schedule--contrary to the typical assumption in macroeconomic models. Without the restriction to linear pricing,...

Persistent link: https://www.econbiz.de/10015145095

Spatial Price Discrimination with Heterogeneous Firms

Vogel, Jonathan - 2009

In this paper we present and solve a three-stage game of entry, location, and pricing in a spatial price discrimination framework with arbitrarily many heterogeneous firms. We provide a unique characterization of all equilibria without imposing restrictions on the distribution of marginal costs

Persistent link: https://www.econbiz.de/10012463671

Sub-national Differentiation and the Role of the Firm in Optimal International Pricing

Balistreri, Edward J. - 2007

We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring a generalized model that accommodates product differentiation at both the national and sub-national (firm) levels. We assume monopolistic competition in the differentiated products at the...

Persistent link: https://www.econbiz.de/10012465524

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10012466295

Prices and Coupons for Breakfast Cereals

Nevo, Aviv - 1999

This paper explores the relationship between shelf prices and manufacturers' coupons for 25 ready-to-eat breakfast cereals. Contrary to the predictions of static monopoly price discrimination, we find the shelf prices for a particular brand in a particular city are generally lower during periods...

Persistent link: https://www.econbiz.de/10012471875

Contracting over Pharmaceutical Formularies and Rebates

Ho, Katherine; Lee, Robin S. - National Bureau of Economic Research - 2024

manufacturers over menus of formulary-contingent rebate payments and then selects a formulary. We then estimate how formulary … predictions align with aggregate rebate data, and we find that allowing a PBM to place branded drugs on preferred and non …-preferred tiers can substantially increase negotiated rebate payments …

Persistent link: https://www.econbiz.de/10015056114