Countervailing Power Revisited

Details

Serval ID
serval:BIB_021A67721A3E
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Countervailing Power Revisited
Journal
International Journal of Industrial Organisation
Author(s)
Von Ungern-Sternberg T.
ISSN
0167-7187
Publication state
Published
Issued date
06/1996
Peer-reviewed
Oui
Volume
14
Number
4
Pages
507-519
Language
english
Abstract
The paper uses the Nash bargaining concept to study the predictions of the theory of countervailing power within two theoretical models, a Cournot model and a model of perfect competition. Within the Cournot model a decrease in the number of retailers unambiguously leads to an increase in equilibrium consumer prices. In the model of perfect competition the reverse is true. One may thus conclude that countervailing power can have positive effects for the consumers only if competiton at the retail level is very fierce.
Keywords
Bargaining, Countervailing power
Web of science
Create date
19/11/2007 9:27
Last modification date
20/08/2019 12:24
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