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are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms …
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consumption, such as an insurer bargaining with hospitals. We show that the common Nash- in-Nash solution, while useful for …
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. Our findings suggest that perfect competition in both product and labour markets is widely rejected. Levels of the price …-cost margin and union bargaining power tend to be higher in some service sectors depicting however substantial heterogeneity …
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We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and … those with small consumer bases. The main source of this incumbency advantage is brand loyalty; however, price …
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