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| Villas-Boas, Sofia Berto. |
| In this paper different models of vertical relationships between manufacturers and retailers in the supermarket industry are compared. Demand estimates are used to compute price-cost margins for retailers and manufacturers under different supply models when wholesale prices are not observed. The purpose is to identify which set of margins is compatible with the margins obtained from estimates of cost, and to select the model most consistent with the data among non-nested competing models. The models considered are: (1) a simple linear pricing model; (2) a vertically integrated model; and (3) a variety of alternative (strategic) supply scenarios that allow for collusion, non-linear pricing and strategic behavior with respect to private label products. Using... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Vertical contracts; Multiple manufacturers and retailers; Non-nested tests; Yogurt local market.; Industrial Organization; L13; L81; C12; C33. |
| Ano: 2005 |
URL: http://purl.umn.edu/25015 |
