What determines market structure? an explanation from cooperative investment with non-exclusive contracts

Roig Roig, Guillem

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What determines market structure? an explanation from cooperative investment with non-exclusive contracts

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dc.creator	Roig Roig, Guillem
dc.date.accessioned	2020-09-11T21:05:38Z
dc.date.available	2020-09-11T21:05:38Z
dc.date.created	2014-03-26	spa
dc.description.abstract	In 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.	eng
dc.format.mimetype	application/pdf
dc.identifier.uri	https://repository.urosario.edu.co/handle/10336/29843
dc.language.iso	eng
dc.publisher	Toulouse School of Economics	spa
dc.relation.citationIssue	No. 482
dc.relation.citationTitle	TSE Working Papers
dc.relation.ispartof	TSE Working Papers, No. 482 (March 2014); 43 pp.	spa
dc.relation.uri	http://publications.ut-capitole.fr/id/eprint/15875	spa
dc.rights.accesRights	info:eu-repo/semantics/openAccess
dc.rights.acceso	Abierto (Texto Completo)	spa
dc.source	TSE Working Papers	spa
dc.source.instname	instname:Universidad del Rosario
dc.source.reponame	reponame:Repositorio Institucional EdocUR
dc.subject.keyword	Cooperative investment	spa
dc.subject.keyword	Investment distribution	spa
dc.subject.keyword	Competition	spa
dc.title	What determines market structure? an explanation from cooperative investment with non-exclusive contracts	spa
dc.title.TranslatedTitle	¿Qué determina la estructura del mercado? una explicación de la inversión cooperativa con contratos no exclusivos	spa
dc.type	preprint	eng
dc.type.hasVersion	info:eu-repo/semantics/draft
dc.type.spa	Pre-print	spa