Buyer power in international markets

• 成果类型: Article
• 署名作者: Raff, Horst; Schmitt, Nicolas
• 署名单位: Simon Fraser University; University of Kiel; University of Kiel; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2009.08.006
• 发表日期: 2009
• 页码: 222-229
• 关键词: Buyer power; Retailing; international trade

摘要

This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in autarky, thus reversing the standard effects of trade liberalization. Second, the pro-competitive effects of trade liberalization are weaker under buyer power than under seller power. (C) 2009 Elsevier B.V. All rights reserved.