Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17894 
Year of Publication: 
2008
Series/Report no.: 
Kiel Working Paper No. 1431
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
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.
Subjects: 
buyer power
retailing
international trade
JEL: 
F15
F12
L13
Document Type: 
Working Paper

Files in This Item:
File
Size
362.84 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.