| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2917 |
| DP2917 Predetermined Prices and the Persistent Effects of Money on Output | |
| Michael B Devereux; James Yetman | |
| 发表日期 | 2001-08-08 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Miscoordination of buyers might prevent entry in an industry with an incumbent and a more efficient potential entrant. Buyers' power therefore favours entry by eliminating coordination problems. We also identify a mechanism which facilitates entry: if the potential entrant could credibly offer to pay a penalty for unfulfilled orders, miscoordination would be eliminated. Without the penalty, we show that downstream competition also facilitates entry. The stronger the competition among buyers the less likely that miscoordination arises. |
| 主题 | Industrial Organization |
| 关键词 | Miscoordination Entry Countervailing power Contractual clauses Exclusion Retailers |
| URL | https://cepr.org/publications/dp2917 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531960 |
| 推荐引用方式 GB/T 7714 | Michael B Devereux,James Yetman. DP2917 Predetermined Prices and the Persistent Effects of Money on Output. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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