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http://hdl.handle.net/10419/64661
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| Title: | | Empirical analysis of buyer power  |
| Authors: | | Beckert, Walter |
| Issue Date: | | 2009 |
| Series/Report no.: | | cemmap working paper CWP17/09 |
| Abstract: | | This paper provides a comprehensive econometric framework for the empirical analysis of buyer 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 buyer power. Testable predictions from the theoretical analysis are delineated, and a pragmatic empirical methodology is presented. It is readily implementable on the basis of transaction data, routinely collected by antitrust authorities. The empirical framework is illustrated using data from the UK brick industry. The paper emphasizes the importance of controlling for endogeneity of volumes and for heterogeneity across buyers and sellers. |
| Subjects: | | buyer power bargaining nonlinear prices transaction panel data |
| JEL: | | D43 L11 L12 L14 L42 C23 C78 |
| Persistent Identifier of the first edition: | | doi:10.1920/wp.cem.2009.1709 |
| Document Type: | | Working Paper |
| Appears in Collections: | | cemmap working papers, Centre for Microdata Methods and Practice, Institute for Fiscal Studies (IFS)
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