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Transport infrastructure is one of the key elements in achieving a balanced growth within an economy. The water … transport sector, in particular, plays a much larger role in an archipelagic country such as the Philippines. The country … inefficiencies in the operation of seaports, which are the main infrastructure in the water transport sector. This study analyzed the …
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We show how an upstream firm by using a price-dependent profit-sharing rule can prevent destructive competition between downstream firms that produce relatively close substitutes. With this rule the upstream firm induces the retailers to behave as if demand has become less price elastic. As a...
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