The Rand journal of economics, 2010-04, Vol.41 (1), p.139-164
2010
Details
- Autor(en) / Beteiligte
- Titel
- Inference on vertical contracts between manufacturers and retailers allowing for nonlinear pricing and resale price maintenance
- Ist Teil von
- The Rand journal of economics, 2010-04, Vol.41 (1), p.139-164
- Ort / Verlag
- Malden, USA: Blackwell Publishing Inc
- Erscheinungsjahr
- 2010
- Link zum Volltext
- Quelle
- EBSCOhost Business Source Ultimate
- Beschreibungen/Notizen
- We present a model of vertical contracts between manufacturers and retailers with nonlinear pricing strategies. Using home-scan data on bottled water produced by manufacturers and sold by retail chains in France, we estimate a structural demand and supply model allowing for twopart tariff contracts between manufacturers and retailers. Using price-cost margins recovered from estimates of demand parameters, we select the best supply model by performing nonnested tests, and find that manufacturers use two-part tariff contracts with resale price maintenance. We then perform counterfactual policy simulations that restrict the use of these vertical contracts and assess welfare effects under alternative scenarios.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0741-6261eISSN: 1756-2171DOI: 10.1111/j.1756-2171.2009.00093.xTitel-ID: cdi_proquest_miscellaneous_743804886
- Format
- –
- Schlagworte
- Analysis, Bottled water, Brands, Contracts, Cost estimation models, France, Industrial organization, Manufacturers, Manufacturing industry, Marginal costs, Marginal pricing, Mineral water, Model testing, Price policy, Price theory, Resale price maintenance, Retail industry, Retail prices, Retail stores, Retail trade, Retailing industry, Spring water, Studies, Supply & demand, Tariffs, Two part tariffs, Wholesale prices