Vertical contracting with endogenous market structure
نویسندگان
چکیده
We analyze vertical contracting between a manufacturer and retailers who have correlated private information. The chooses the number of secretly contracts with each them. highlight how interplay manufacturer's incentive to limit retail competition presence asymmetric information shapes optimal size distribution network. show that larger network reduces retailers' rents, this may induce choose exceeds socially one. also determine technology characteristics demand affect size.
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2021
ISSN: ['1095-7235', '0022-0531']
DOI: https://doi.org/10.1016/j.jet.2021.105288