List prices, bargaining and resultant productivity diffusion delay
List prices are not completely credible as take it or leave it prices: buyers are able to seek reductions by bargaining with firms. We show that this realisation leads to the existence of a critical threshold number of competitors in an industry which depends on fundamentals. In industries with fewe...
| Tác giả chính: | |
|---|---|
| Định dạng: | Working paper |
| Được phát hành: |
University of Oxford
2005
|