Commitment for storable goods under vertical integration
AbstractThe role of commitment under monopoly for storable goods has been fully considered in many papers. In general, if the monopolist with storable goods cannot commit, the prices are higher than in the case in which the monopolist launches commitment. According to the discrete-time dynamic model, commitment for storable goods under vertically integrated structures is considered in this paper. The similar results to the monopoly are correspondingly obtained. Namely, the prices without commitment are also higher than that with commitment under vertical integration.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 26 (2009)
Issue (Month): 2 (March)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/30411
Market structure Industrial organization Storable goods Commitment Game theory Vertical integration;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Martin Pesendorfer, 2002. "Retail Sales: A Study of Pricing Behavior in Supermarkets," The Journal of Business, University of Chicago Press, vol. 75(1), pages 33-66, January.
- Igal Hendel & Aviv Nevo, 2005.
"Measuring the Implications of Sales and Consumer Inventory Behavior,"
NBER Working Papers
11307, National Bureau of Economic Research, Inc.
- Igal Hendel & Aviv Nevo, 2006. "Measuring the Implications of Sales and Consumer Inventory Behavior," Econometrica, Econometric Society, vol. 74(6), pages 1637-1673, November.
- Friedman,James, 1983.
Cambridge University Press, number 9780521282444, October.
- Leigh Tesfatsion, 2000.
"Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search,"
- Tesfatsion, Leigh, 2001. "Structure, behavior, and market power in an evolutionary labor market with adaptive search," Journal of Economic Dynamics and Control, Elsevier, vol. 25(3-4), pages 419-457, March.
- Tesfatsion, Leigh S., 2001. "Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search," Staff General Research Papers 1914, Iowa State University, Department of Economics.
- Tesfatsion, Leigh S., 2009. "Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search," Staff General Research Papers 1681, Iowa State University, Department of Economics.
- Goerke, Laszlo & Runkel, Marco, 2006. "Profit Tax Evasion under Oligopoly with Endogenous Market Structure," National Tax Journal, National Tax Association, vol. 59(4), pages 851-57, December .
- Caves, Richard E., 2007. "In praise of the Old I.O," International Journal of Industrial Organization, Elsevier, vol. 25(1), pages 1-12, February.
- Klaus Kultti, 2003. "About Market Structure," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(1), pages 240-251, January.
- Lambson, Val E. & Phillips, Kerk L., 2007.
"Market structure and Schumpeterian growth,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 62(1), pages 47-62, January.
- Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-49, April.
- Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, June.
- Arzu Akkoyunlu-Wigley & Sevinc Mihci, 2006. "Effects of the customs union with the European Union on the market structure and pricing behaviour of the Turkish manufacturing industry," Applied Economics, Taylor and Francis Journals, vol. 38(20), pages 2443-2452.
- Igal Hendel & Paolo Dudine & Alessandro Lizzeri, 2006. "Storable Good Monopoly: The Role of Commitment," American Economic Review, American Economic Association, vol. 96(5), pages 1706-1719, December.
- Pu-yan Nie, 2007. "Selection games in Economics," Applied Economics Letters, Taylor and Francis Journals, vol. 14(3), pages 223-225.
- Joshi, Sumit, 2007. "Asymmetric outcome in a symmetric dynamic duopoly," Journal of Economic Dynamics and Control, Elsevier, vol. 31(2), pages 531-555, February.
- Lu, Jye-Chyi & Tsao, Yu-Chung & Charoensiriwath, Chayakrit, 2011. "Competition under manufacturer service and retail price," Economic Modelling, Elsevier, vol. 28(3), pages 1256-1264, May.
- Pu-yan Nie, 2012. "Maintenance Commitments For Monopolized Goods," Prague Economic Papers, University of Economics, Prague, vol. 2012(1), pages 18-29.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.