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Testing for asymmetric information in the viager market

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La grenouille qui se peut faire aussi grosse que le boeuf

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Double marginalization and vertical integration

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Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers' weights are balanced. Vertical integration eliminates double marginalization...

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Double marginalization, market foreclosure, and vertical integration

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Double marginalization, market foreclosure, and vertical integration

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