| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7948 |
| DP7948 Endogenous Spatial Differentiation with Vertical Contracting | |
| Nikolaos Vettas; Frago Kourandi | |
| 发表日期 | 2010-08-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We set-up a linear city model with duopoly upstream and downstream. Consumers have a transportation cost when buying from a retailer, and retailers have a transportation cost when buying from a wholesaler. We characterize the equilibria in a five-stage game where location and pricing decisions (wholesale and retail) by all four firms are endogenous. The usual demand and price competition effects are modified and an additional strategic effect emerges, since the retailers' marginal costs become endogenous. Firms tend to locate farther away from the market center relative to the vertically integration case. When the wholesalers choose locations before the retailers, each wholesaler locates closer to the market center relative to the retailer locations, and relative to when the wholesalers cannot move first. Each wholesaler does this to strengthen the strategic position of its retailer by credibly pulling him towards the market center. As a result, the intensity of competition is higher and industry profit is lower when upstream locations are chosen before downstream locations. Variations of the model and welfare analysis are provided. |
| 主题 | Industrial Organization |
| 关键词 | Linear city Locations Spatial differentiation Strategic commitment Vertical contracting |
| URL | https://cepr.org/publications/dp7948 |
| 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/536783 |
| 推荐引用方式 GB/T 7714 | Nikolaos Vettas,Frago Kourandi. DP7948 Endogenous Spatial Differentiation with Vertical Contracting. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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