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studies. Four buyer-supplier control configurations are proposed in a matrix according to the reciprocal dependence between …
Persistent link: https://www.econbiz.de/10008532694
studies. Four buyer-supplier control configurations are proposed in a matrix according to the reciprocal dependence between …
Persistent link: https://www.econbiz.de/10011072109
process or on behaviour), depending on the power - dependence relationship with its supplier. Moreover, the development of …
Persistent link: https://www.econbiz.de/10008532484
process or on behaviour), depending on the power - dependence relationship with its supplier. Moreover, the development of …
Persistent link: https://www.econbiz.de/10011072493
buying firm (in terms of reciprocal dependence between the buyer and its suppliers). For each configuration, a type of … firm are proposed: the lord-buyer wants to exert its power, the partner-buyer aims at assuring goal congruence with its …
Persistent link: https://www.econbiz.de/10008791981
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
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
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
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
This article examines the daily strategizing of buyers, taking the dyad to be the elementary unit of analysis in market dynamics. The ideas are revisited that dyadic market relationships converge towards loyalty (Kirman and Vriend), and that markets tend towards social or institutional...
Persistent link: https://www.econbiz.de/10013131255