کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5078768 1477362 2007 24 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bilateral oligopoly - The efficiency of intermediate goods markets
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Bilateral oligopoly - The efficiency of intermediate goods markets
چکیده انگلیسی
We show that intermediate goods markets may be efficient, despite the presence of commonly accepted signs of market failure, such as high concentration (both among sellers and buyers), sparse trading networks, price dispersion and externalities. The results are derived in an extensive form model of bilateral bargaining with multiple buyers and multiple sellers, and with externalities between the negotiations. We also characterize the structure of the endogenous trading network, i.e., how firms choose trading partners. Prices are dispersed and depend on both the concentration of capital and the concentration of sales, consistent with some stylized facts on buyer power.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 25, Issue 5, October 2007, Pages 884-907
نویسندگان
, ,