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...
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| Aineistotyyppi: | Working paper |
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University of Oxford
2005
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