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residual demand approach advanced by Goldberg and Knetter (1999). The empirical evidence for the American destination market …
Persistent link: https://www.econbiz.de/10011743155
the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the … mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
application to sugar-sweetened beverage taxation. We estimate a detailed model of demand and supply for the UK drinks market …
Persistent link: https://www.econbiz.de/10012623743
and the procedure used to estimate the demand model …
Persistent link: https://www.econbiz.de/10012847788
Supplement is available at: "https://ssrn.com/abstract=3452506" https://ssrn.com/abstract=3452506Alliances of buyers to negotiate input prices with suppliers are commonplace. Using pre- and post-alliances data on household purchases of bottled water, I develop a structural model of bilateral...
Persistent link: https://www.econbiz.de/10012847789
We study empirically the price effects of upstream cartels that sell through downstream retailers to final consumers. We focus on a German coffee producer cartel that colluded under two different regimes: (i) involving wholesale prices in 2003 and (ii) with additional resale price maintenance...
Persistent link: https://www.econbiz.de/10014080999
We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known …, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …
Persistent link: https://www.econbiz.de/10009666499
We employ a price setting duopoly experiment to examine whether buyer confusion increases market prices. Each seller offers a good to buyers who have homogeneous preferences. Sellers decide on the number of attributes of their good and set prices. The number of attributes bears no cost to the...
Persistent link: https://www.econbiz.de/10013127525
of demand and retail competition. Whether countervailing buyer power arises, in the form of lower negotiated prices … buyer power arises in equilibrium for a broad class of demand forms, and its magnitude depends on the degree of product … level. The demand systems commonly used in the literature impose strong restrictions on the results …
Persistent link: https://www.econbiz.de/10012971105
We consider a model of vertical competition where downstream firms (retailers) purchase an upstream input from a monopolist and are able to differentiate from each other in terms of quality. Our primary focus is to study the effects of introducing a large retailer, such as a Wal-Mart...
Persistent link: https://www.econbiz.de/10014198685