Multilateral Bargaining and Downstream Competition
نویسندگان
چکیده
منابع مشابه
Multilateral Bargaining and Downstream Competition
We examine multilateral bargaining in vertical supply relationships which involve an upstream manufacturer who sells through two competing retailers to end consumers. In these relationships the negotiations are inter-dependent and a bargaining externality may arise across the retailers. In addition, the timing by which the manufacturer negotiates with the retailers becomes important. The manufa...
متن کاملDownstream Competition, Bargaining and Welfare
I analyse the effects of downstream competition when there is bargaining between downstream firms and upstream agents (firms or unions). When bargaining is over a uniform input price, a decrease in the intensity of competition (or a merger) between downstream firms may raise consumer surplus and overall welfare. When bargaining is over a two-part tariff, a decrease in the intensity of competiti...
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One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee members are allowed to and do engage in sometimes intense communication processes prior to voting on a proposal. We conduct an experimental test of the Baron-...
متن کاملMultilateral Bargaining in Networks
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player can strategically choose the bargaining partners among the neighbors and buy their communication links with upfront transfers. We characterize a condition on network structures for efficient equilibria: An efficient stationary ...
متن کاملMultilateral bargaining and Walrasian equilibrium
A class of bargaining games in which agents bargain over prices and maximum trading constraints is considered: It is proved that all the Stationary Subgame Perfect Equilibria of these games implement Walrasian allocations as the bargaining frictions vanish. The result holds for any number of agents and is robust to different specifications of the bargaining process. © 2011 Published by Elsevier...
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ژورنال
عنوان ژورنال: Marketing Science
سال: 2013
ISSN: 0732-2399,1526-548X
DOI: 10.1287/mksc.1120.0766