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dc.creatorRoig, Guillem  
dc.date.accessioned2020-09-11T21:05:38Z
dc.date.available2020-09-11T21:05:38Z
dc.date.created2014-03-26
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/29843
dc.description.abstractIn a common agency setting, where the common buyer undertakes cooperative investment with her suppliers, we obtain a direct link between the level of ex-post competition and investment which affects the market structure of the supply side of the market. We show that more competitive equilibria are associated with a larger and more homogeneous distribution of investment among active suppliers, and an equilibrium with no investment might occur when competition is mild. In our model, buyer’s investment works as a mechanism to incentivize competition, and its effectiveness is positively related to the level of competition ex-post. In general, the equilibrium investment profile is lower than efficiency, and we surprisingly find that higher competitive markets may sustain a larger number of suppliers.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.ispartofTSE Working Papers, No. 482 (March 2014); 43 pp.
dc.relation.urihttp://publications.ut-capitole.fr/id/eprint/15875
dc.sourceTSE Working Papers
dc.titleWhat determines market structure? an explanation from cooperative investment with non-exclusive contracts
dc.typepreprint
dc.publisherToulouse School of Economics
dc.subject.keywordCooperative investment
dc.subject.keywordInvestment distribution
dc.subject.keywordCompetition
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaPre-Impresión
dc.rights.accesoAbierto (Texto Completo)
dc.type.hasVersioninfo:eu-repo/semantics/draft
dc.title.TranslatedTitle¿Qué determina la estructura del mercado? una explicación de la inversión cooperativa con contratos no exclusivos
dc.relation.citationIssueNo. 482
dc.relation.citationTitleTSE Working Papers


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