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A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10010467434
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
We explore the supply chain problem of a downstream durable goods monopolist, who chooses one of the following trading modes: an exclusive supply chain with an incumbent supplier or an open supply chain, allowing the monopolist to trade with a new efficient entrant in the future. The predicted...
Persistent link: https://www.econbiz.de/10012488661
The United States has charged Microsoft with tying its internet browser to its operating system (OS). This claim, of course, depends upon the government's assertion that Microsoft's browser and OS are separate products that can be tied together. Under current law, two items are deemed distinct...
Persistent link: https://www.econbiz.de/10014206197
We analyze self- and joint procurement of countries with heterogeneous demand for a good offered by a price … well as too much heterogeneity of insiders make the buyer group unstable. Uniform price procurement without a quantity … restriction is only stable with intra-group transfers. We relate our findings to the COVID-19 vaccine procurement of the European …
Persistent link: https://www.econbiz.de/10013489745
also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
Persistent link: https://www.econbiz.de/10008700099
We compare two procurement mechanisms, bundling and unbundling, in a two-stage auction model with risk-averse suppliers …
Persistent link: https://www.econbiz.de/10013099394
procurement performance, given each PB's ability. Our results highlight that reduced PBs' discretion - in presence of mandatory …
Persistent link: https://www.econbiz.de/10012900722
model the procurement problem as a sealed-bid auction where the buyer has to allocate purchases between an expensive but …
Persistent link: https://www.econbiz.de/10012707538
also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
Persistent link: https://www.econbiz.de/10012708886