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https://repository.iimb.ac.in/handle/123456789/421
Title: | Price transmission in vertical markets: a comment and an extension | Authors: | Jha, Raghbendra Nagarajan, Hari Krishnan |
Keywords: | Asymmetric price adjustments;Vertical markets;Non-linear system of equations | Issue Date: | 1998 | Publisher: | Indian Institute of Management Bangalore | Series/Report no.: | IIMB Working Paper-119 | Abstract: | This paper examines the impact of dynamic information acquisition by retailers, on the degree of asymmetric price transmission in vertical markets. We propose a generalization of the extant models of asymmetric price transmission, by endogenising the process of dynamic information acquisition. It is found that, this has a significant impact on the degree of asymmetry in the process of price transmission. A test of the functional form by using the restricted version of the model rejects the restricted model. JEL Classification: C32, D43, Q13, Q18 | URI: | http://repository.iimb.ac.in/handle/123456789/421 |
Appears in Collections: | 1998 |
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WP.IIMB.119.pdf | 916.57 kB | Adobe PDF | View/Open |
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