| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6933 |
| DP6933 Returns to Tenure or Seniority? | |
| Coen N. Teulings; Aico van Vuuren; Miguel Portela; Ioan Sebastian Buhai | |
| 发表日期 | 2008-08-15 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | A methodology is presented allowing manufacturers and retailers vertical contracting in their pricing strategies on a differentiated product market to be introduced. This contribution allows price-cost margins to be recovered from estimates of demand parameters both under linear pricing models and two part tariffs. Two types of nonlinear 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 tariff contracts in particular are considered. The methodology then allows different hypotheses on contracting and pricing relationships between manufacturers and retailers in the supermarket industry to be tested using exogenous variables supposed to shift the marginal costs of production and distribution. This method is applied empirically to study the retail market bottled water in France. Our empirical evidence shows that manufacturers and retailers use nonlinear pricing contracts and in particular two part tariff contracts with resale price maintenance. Finally, using the estimation of our structural model, some simulations of counterfactual policy experiments are introduced. |
| 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/dp6933 |
| 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/535768 |
| 推荐引用方式 GB/T 7714 | Coen N. Teulings,Aico van Vuuren,Miguel Portela,et al. DP6933 Returns to Tenure or Seniority?. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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