search query: @author Waterson, M. / total: 18
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| Author: | Dobson, P. W. Waterson, M. |
| Title: | Countervailing power and consumer prices |
| Journal: | Economic Journal
1997 : MAR, VOL. 107:441, p. 418-430 |
| Index terms: | PRICES CONSUMERS RETAILING |
| Language: | eng |
| Abstract: | This article considers the importance of countervailing power manifested as the effects of increased retail concentration on consumer prices and wellfare within a market setting where imperfectly competitive retailers negotiate intermediate prices with a monopoly supplier. When retailer services are regarded as close substitutes do final prices fall following a reduction in the number of retailers. Even in these circumstances the social benefits of countervailing power may not be realized as the supplier may seek to protect it's profits by using a refusal to supply restraint to engage in exclusive trading. |
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