Vertical distribution, parallel trade, and price divergence in integrated markets

被引：27

作者：

Ganslandt, Mattias

Maskus, Keith E.

机构：

[1] Univ Colorado, Dept Econ, Boulder, CO 80309 USA

[2] Res Inst Ind Econ, SE-10215 Stockholm, Sweden

来源：

EUROPEAN ECONOMIC REVIEW | 2007年 / 51卷 / 04期

关键词：

parallel imports; vertical control; price divergence;

D O I：

10.1016/j.euroecorev.2006.06.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets that are integrated at the distributor level by parallel imports (PI). The manufacturing firm needs to set these two prices to balance three competing interests: restricting competition in the PI-recipient market, avoiding resource wastes due to actual trade, and reducing the double-markup problem in the PI-source nation. These tradeoffs imply the counterintuitive result that retail prices could diverge as a result of declining trading costs, even as the volume of PI increases. Thus, in some circumstances it may be misleading to think that permitting PI is an unambiguous force for price integration. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：943 / 970

页数：28

共 15 条

[1] Efficient fuzzy c-means clustering for image data -: art. no. 013017 [J].