Beckert, Walter (2011) Empirical analysis of countervailing power in business-to-business bargaining. Working Paper. Birkbeck College, University of London, London, UK.
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Abstract
This paper provides a comprehensive econometric framework for the empirical analysis of countervailing power. It encompasses the two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over rents. Disentangling them is critical to the empirical identification of countervailing power. Testable predictions from the theoretical analysis for a pragmatic reduced form empirical pricing model are delineated. This model is readily implementable on the basis of transaction data, routinely collected by antitrust authorities and illustrated using data from the UK brick industry. The paper emphasizes the importance of controlling for endogeneity of volumes and established supply chains and for heterogeneity across buyers and sellers due to intrinsically unobservable outside options.
Metadata
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | BWPEF 1107 |
| Keyword(s) / Subject(s): | countervailing power, bargaining, nonlinear prices, transaction panel data |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Commodities Finance Centre |
| Depositing User: | Administrator |
| Date Deposited: | 18 Jan 2013 09:31 |
| Last Modified: | 02 Aug 2023 17:01 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/5972 |
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Empirical analysis of countervailing power in business-to-business bargaining. (deposited 08 Dec 2010 10:38)
- Empirical analysis of countervailing power in business-to-business bargaining. (deposited 18 Jan 2013 09:31) [Currently Displayed]
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