| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP5995
|
| DP5995 Changed to DP6000 |
| Marcus Miller
|
| 发表日期 | 2006-12-23
|
| 出版年 | 2006
|
| 语种 | 英语
|
| 摘要 | We present a methodology allowing to introduce manufacturers and retailers vertical contracting in their pricing strategies on a differentiated product market. We consider in particular two types of non linear pricing relationships, one where resale price maintenance is used with two part tariffs contracts and one where no resale price maintenance is allowed in two part tariffs contracts. Our contribution allows to recover price-cost margins from estimates of demand parameters both under linear pricing models and two part tariffs. The methodology allows then to test between different hypothesis on the contracting and pricing relationships between manufacturers and retailers in the supermarket industry using exogenous variables supposed to shift the marginal costs of production and distribution. We apply empirically this method to study the market for retailing bottled water in France. Our empirical evidence shows that manufacturers and retailers use non linear pricing contracts and in particular two part tariffs contracts with resale price maintenance. At last, thanks to the estimation of the our structural model, we present some simulations of counterfactual policy experiments like the change of ownership of some products between manufacturers. |
| 主题 | Industrial Organization
|
| 关键词 | Collusion
Competition
Differentiated products
Double marginalization
Manufacturers
Non nested tests.
Retailers
Two part tariffs
Vertical contracts
Water
|
| URL | https://cepr.org/publications/dp5995
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534852
|
推荐引用方式
GB/T 7714 |
Marcus Miller. DP5995 Changed to DP6000. 2006.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
