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Making Sense of Non-Binding Retail-Price Recommendations
Bühler, Stefan - 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/10013144362
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Mitigating Incentive Conflicts in Inter-Firm Relationships : Evidence from Long-Term Supply Contracts
Costello, Anna M. - 2013
Using a sample of long-term supply contracts collected from SEC filings, I show that hold-up concerns and information asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter term contracts. However, when longer duration...
Persistent link: https://www.econbiz.de/10013086012
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Making sense of non-binding retail-price recommendations
Bühler, Stefan; Gärtner, Dennis - 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/10003900887
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Making sense of non-binding retail-price recommendations
Bühler, Stefan; Gärtner, Dennis - 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/10003965874
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Quality distortions in vertical relations
Baake, Pio; Schlippenbach, Vanessa von - 2010
dependency. Buyer power driven by a reduced outside option of the upstream firm enhances the efficiency of vertical relations …, while buyer power due to an improved outside option of the downstream firm implies less efficient outcomes. -- Quality … uncertainty ; private standards ; vertical relations ; buyer power …
Persistent link: https://www.econbiz.de/10003930890
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Quality distortions in vertical relations
Baake, Pio; Schlippenbach, Vanessa von - 2011
profits the lower the firms' outside options, i.e. the higher their mutual dependency. Buyer power driven by a reduced outside … option of the upstream firm enhances the efficiency of vertical relations, while buyer power due to an improved outside … ; Buyer Power …
Persistent link: https://www.econbiz.de/10009008680
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Making Sense of Non-Binding Retail-Price Recommendations
Bühler, Stefan - 2011
We model retail-price recommendations (RPRs) as a communication device in vertical supply relations with private manufacturer information on production costs and consumer demand. With static trade, RPRs are irrelevant, and the equilibrium outcome is inefficient. With repeated trade, RPRs can...
Persistent link: https://www.econbiz.de/10012713876
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Quality Distortions in Vertical Relations
Baake, Pio - 2010
dependency. Buyer power driven by a reduced outside option of the upstream firm enhances the efficiency of vertical relations …, while buyer power due to an improved outside option of the downstream firm implies less efficient outcomes …
Persistent link: https://www.econbiz.de/10013144459
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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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Selling reputation when going out of business
Hakenes, Hendrik; Peitz, Martin - 2004
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...
Persistent link: https://www.econbiz.de/10010261210