| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12945 |
| DP12945 Retail Discrimination in Search Markets | |
| Maarten Janssen | |
| 发表日期 | 2018-05-21 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper analyses the incentives of manufacturers to discriminate between exante symmetric retailers who compete for consumers with different search cost. By discriminating, a manufacturer indirectly screens searching consumers, creates more retail competition, increases its profits, but lowers consumer welfare. Low-cost retailers sell to a disproportionate share of low search cost consumers, providing strong incentives to compete; high-cost retailers also lower margins given their smaller customer base. For wholesale price discrimination to be an equilibrium outcome, some form of commitment is necessary. Legislation requiring sales at the recommended retail price serves as such a commitment device, making consumers worse off. |
| 主题 | Industrial Organization |
| 关键词 | Vertical relations Consumer search Double marginalization Wholesale price discrimination |
| URL | https://cepr.org/publications/dp12945 |
| 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/541756 |
| 推荐引用方式 GB/T 7714 | Maarten Janssen. DP12945 Retail Discrimination in Search Markets. 2018. |
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