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Observation of Common Retail Cost under Exclusive Dealing
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hamada, Kojun | - |
dc.date.accessioned | 2009-01-29T06:32:28Z | - |
dc.date.available | 2009-01-29T06:32:28Z | - |
dc.date.issued | 2005-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.18 No.1, pp. 1-20 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1329 | - |
dc.description.abstract | This paper examines whether the manufacturer should observe the common retail cost when exclusively delegating a retailer to sell her goods. We show that the expected sum of profits between the manufacturer and retailer is greater when the former does not observe the cost ex ante than when they do. However, the manufacturer cannot acquire a greater expected private payoff when not observing the cost, regardless of the optimal contract. Even if the commitment to not observe the cost alleviates competition, the manufacturer must always pay higher information rent than the increasing payoff to the retailer. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Contract theory | - |
dc.subject | Exclusive dealing | - |
dc.subject | retail cost | - |
dc.title | Observation of Common Retail Cost under Exclusive Dealing | - |
dc.type | SNU Journal | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 20 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 1-20 | - |
dc.citation.startpage | 1 | - |
dc.citation.volume | 18 | - |
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