Arbeitspapier
Making sense of non-binding retail-price recommendations
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract, communicating private information from manufacturer to retailer that is indispensable for maximizing joint surplus. We show that this contract is self-enforcing if the retailer's profit is independent of production costs and punishment strategies are chosen appropriately. We also extend our analysis to settings where consumer demand is variable or depends directly on the manufacturer's RPRs.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3024
- Klassifikation
-
Wirtschaft
Organizational Behavior; Transaction Costs; Property Rights
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Transactional Relationships; Contracts and Reputation; Networks
Information and Product Quality; Standardization and Compatibility
- Thema
-
vertical relationships
relational contracts
asymmetric information
price recommendations
Lieferanten-Kunden-Beziehung
Preisbindung
Unvollständiger Vertrag
Verhalten in Organisationen
Asymmetrische Information
Unvollkommener Markt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buehler, Stefan
Gärtner, Dennis L.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Buehler, Stefan
- Gärtner, Dennis L.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2010
Ähnliche Objekte (12)
Making sense of non-binding retail-price recommendations
Stop making sense!
Binding Perception and Decision MakingDistractor-Response Binding in Decision Making
Making sense of Marx
Making sense of prostitution
Making sense of corruption
Making Sense of Prostitution
Gartenglück durch Schnellkompost : = Common Sense compost making
Analyst Recommendations and Nasdaq Market Making Activity
Stop Making Sense (DT); Stop Making Sense (OT) (Land: USA, Regie: Jonathan Demme)
Experience: Open Fiscal Datasets, Common Issues, and Recommendations
5: Making sense of Libya
Making sense of non-binding retail-price recommendations
Stop making sense!
Binding Perception and Decision MakingDistractor-Response Binding in Decision Making
Making sense of Marx
Making sense of prostitution
Making sense of corruption
Making Sense of Prostitution
Gartenglück durch Schnellkompost : = Common Sense compost making
Analyst Recommendations and Nasdaq Market Making Activity
Stop Making Sense (DT); Stop Making Sense (OT) (Land: USA, Regie: Jonathan Demme)
Experience: Open Fiscal Datasets, Common Issues, and Recommendations
5: Making sense of Libya
Making sense of non-binding retail-price recommendations
Stop making sense!
Binding Perception and Decision MakingDistractor-Response Binding in Decision Making
Making sense of Marx
Making sense of prostitution
Making sense of corruption
Making Sense of Prostitution
Gartenglück durch Schnellkompost : = Common Sense compost making
Analyst Recommendations and Nasdaq Market Making Activity
Stop Making Sense (DT); Stop Making Sense (OT) (Land: USA, Regie: Jonathan Demme)
Experience: Open Fiscal Datasets, Common Issues, and Recommendations