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The countervailing power hypothesis and contingent contracts

Matsushima, Noriaki; Yoshida, Shohei - 2022

We consider a downstream oligopoly model with one dominant and several fringe retailers who purchase a manufacturing product from a monopoly supplier. We examine how contract type influences the relationship between the dominant retailer's bargaining power and the equilibrium retail price. If...

Persistent link: https://www.econbiz.de/10013390869

Two extensions of consumer surplus

Corchón, Luis C.; Torregrosa-Montaner, Ramón J. - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 3, pp. 557-579

We study consumer surplus in a single market when (a) there is a lower bound in the consumption of the outside good and (b) the weights in the social welfare function given to consumers and firms are different. We assume quasilinear utility. When the lower bound constraint on the consumption of...

Persistent link: https://www.econbiz.de/10013459931

Market Power and Monetary Policy Transmission

Duval, Romain; Furceri, Davide; Lee, Raphael; Mendes … - 2022

We show that firms’ market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm’s markup on its response to a monetary policy...

Persistent link: https://www.econbiz.de/10013306777

Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition

Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - National Bureau of Economic Research - 2023

This paper explores how different margins of market share are related to markups. Using merged microdata on producers and consumers, we document that a firm's market share is mainly related to its number of customers, while its price-cost markup is associated only with its average sales per...

Persistent link: https://www.econbiz.de/10014322802

Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition

Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - 2023

This paper explores how different margins of market share are related to markups. Usingmerged microdata on producers and consumers, we document that a firm’s market share ismainly related to its number of customers, while its price-cost markup is associated only withits average sales per...

Persistent link: https://www.econbiz.de/10014350013

Buyer Market Power and Exchange Rate Pass-through

Juarez, Leticia - 2023

This paper studies the role of buyer market power in determining the response of international prices to exchange rate changes (i.e., exchange rate pass-through). Using a novel dataset of the universe of Colombian export transactions that links Colombian exporters (sellers) to their foreign...

Persistent link: https://www.econbiz.de/10014351018

Global Common Ownership, Control, and Market Power

Kilcioglu, Beril - 2023

I study the simultaneous ownership of equity of competing companies by the same investor, i.e., common ownership, in 39,867 publicly listed corporations in 125 countries between 2000-2020. I construct a global data set to document the prevalence of common ownership in multiple forms, including...

Persistent link: https://www.econbiz.de/10014351160

Uniltaeral, Anticompetitive Acquisitions of Dominance or Monopoly Power

Tor, Avishalom - 2010

The prohibition of certain types of anticompetitive unilateral conduct by firms possessing a substantial degree of market power is a cornerstone of competition law regimes worldwide. Yet notwithstanding the social costs of monopoly modern legal regimes refrain from prohibiting it outright....

Persistent link: https://www.econbiz.de/10014045843

The Sources of Monopoly Power Before Bain (1956)

Mosca, Manuela - 2009

non formalized theory there is a lot on this notion; 3. economists were perfectly aware of the situation between perfect … competition and monopoly before 1930s; 4. Italian marginalists used a kind of theory of strategic competition, which was an … adaptation of the classical theory of competition; 5. competition policies were requested in 19th century not only in the U.S …

Persistent link: https://www.econbiz.de/10014206598

Colluding through suppliers

Piccolo, Salvatore; Miklós-Thal, Jeanine - 2012

This article investigates downstream firms' ability to collude in a repeated game of competition between supply chains. We show that downstream firms with buyer power can collude more easily in the output market if they also collude on their input supply contracts. More specifically, an implicit...

Persistent link: https://www.econbiz.de/10009571506