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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan; Gaertner, Dennis L. - Institut für Volkswirtschaftslehre, … - 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 surplus-maximizing outcome. If...
Persistent link: https://www.econbiz.de/10005700827
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Paying not to sell
Bacchiega, Emanuele; Bonroy, Olivier; Mabrouk, Rania - In: Economics Letters 121 (2013) 1, pp. 137-140
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/10010702777
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Paying not to sell
Bacchiega, E.; Bonroy, O.; Mabrouk, R. - Laboratoire d'Économie Appliquée de Grenoble, … - 2013
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/10010904531
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Paying not to sell
Bacchiega, Emanuele; Bonroy, Olivier; Mabrouk, Rania - 2013
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
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Do auctions select efficient firms?
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2007
conditions under which auctions may select inefficient firms and therefore lead to an inefficient allocation of resources …
Persistent link: https://www.econbiz.de/10011350364
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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power
Heim, Sven; Goetz, Georg - 2013
behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726
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Auctions for private congestible infrastructures
Berg, Vincent A. C. van den - 2012
Persistent link: https://www.econbiz.de/10009722993
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Advantaged Bidders in Franchise Auctions
Berg, Vincent van den - Tinbergen Instituut - 2012
Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider …
Persistent link: https://www.econbiz.de/10011256704
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Auctions for Private Congestible Infrastructures
Berg, Vincent A.C. van den - Tinbergen Instituut - 2012
This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks … generalised price or number of users leads to the first-best outcome. Moreover, these two auctions are robust: they attain the … structures. On the contrary, the performances (relative to the first-best) of the transfer and capacity auctions strongly depend …
Persistent link: https://www.econbiz.de/10011257054
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Do Auctions select Efficient Firms?
Janssen, Maarten C.W.; Karamychev, Vladimir A. - Tinbergen Instituut - 2007
aftermarket competition. In particular, we determine conditions under which auctions may select inefficient firms and therefore …
Persistent link: https://www.econbiz.de/10011257162