Monopoly rents in contestable markets

Braido, Luís Henrique Bertolino; Shalders, Felipe L.

doi:10.1016/j.econlet.2015.03.008

Cited by 5 publications

(12 citation statements)

References 3 publications

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“…Although the supplier increases the prices, it can't be changed, because the replacement cost will be higher neither possible benefits of cooperation with another supplier. Therefore, the existing supplier continues to exploit buyer carrying him a big profit (Braido, Shalders 2015). Market can be or not to be distorted, but suppliers may still seek to exploit customers.…”

Section: Other Sources Of Market Distortionmentioning

confidence: 99%

“…Some monopolistic suppliers strongly maintain their available position in the market and react harshly enough if they are accused of exploiting the situation for their own benefit (Mirman et al 2014;Braido, Shalders 2015;Sarafopoulos 2015). The antitrust legislation is in US, Europe, Australia, Lithuania, which intends to regulate markets and prevent the abuse of a dominant market position.…”

Section: Supplier's Reputationmentioning

confidence: 99%

“…Fact that the prices are very similar may be the result of intense competition, not the cartel. Symptoms of the price fixing agreements are as follows (Braido, Shalders 2015;Rogers 2013;Willington, Ning 2014):…”

mentioning

confidence: 99%

“…The distortion of market competition conditions and circumstances, examined the following scientists: monopsony cases - Dassiou and Glycopantis (2008);OECD (2008);Matsudaira (2014);Danziger (2010); Bonanno and Lopez (2012); Barr and Roy (2008);Brennan (2011);Melnikas and Smaliukienė (2007); Strobl and Walsh (2007); monopoly cases -Mirman et al (2014);Rogers 2013;Braido and Shalders (2015); Sarafopoulos (2015); Jablanovic (2013); Willington and Ning (2014); Mumuni et al (2016); Lai et al (2016);Mendoza (2016); Matsumoto and Szidarovszky (2015); Kováč and Žigić (2016);Shin (2017).…”

Section: Introductionmentioning

confidence: 99%

“…There may be agreements, when suppliers submit proposals, but provide by common contractor agreements, knowing the lowest bidding threshold, the system of discounts or price levels. More the buyer is predictable, the easier it is for suppliers to manipulate in determining who will win (Braido, Shalders 2015;Sarafopoulos 2015;Rogers 2013;Willington, Ning 2014):…”

mentioning

confidence: 99%

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International Business Negotiations: Search of the Balance and the Equilibrium of Negotiating Powers, under Distorting Market Conditions of Competition (Monopsony, Oligopsony and Monopoly Cases)

Peleckis

Peleckienė

2017

Proceedings of 5th International Scientific Conference Contemporary Issues in Business, Management and Education ‘2017

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Abstract. Certain challenges arise in business negotiations when competition in the market is more or less distorted. This can take place in various markets conditions. In such situations great possibilities open up to the development of international business relations as overclocking new market participants can provide additional alternatives for companies and organizations or other business units, by reducing the negative impact of competition distortions for the balance of negotiating power of participants in negotiations. In the development and implementation of effective international business negotiation strategy, it is important to identify the balance of negotiating power of major participants in negotiations in order to make more efficient use of the potential of business negotiations -the negotiating powers. The aim of this article is to analyze in complex the unfolding theory and practice of development and implementation of international business negotiations and negotiating strategies under distorting market competition conditions, to reveal opportunities on development and implementing improvements of these strategies in cases of monopsony, oligopsony and monopoly. Object of the research is the search of balance on negotiating powers in international business negotiations under conditions of distorted competition in the market. The scientific problem -negotiation theory lacks measures for assessment and balancing the negotiating powers of negotiation's participants under distorted market competition.

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Section: Other Sources Of Market Distortionmentioning

confidence: 99%

Section: Supplier's Reputationmentioning

confidence: 99%

mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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International Business Negotiations: Search of the Balance and the Equilibrium of Negotiating Powers, under Distorting Market Conditions of Competition (Monopsony, Oligopsony and Monopoly Cases)

Peleckis

Peleckienė

2017

Proceedings of 5th International Scientific Conference Contemporary Issues in Business, Management and Education ‘2017

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Governance vulnerabler strategischer Wertschöpfungsketten im Zeichen der Deglobalisierung

Blum

Labucay

2021

SIRIUS – Zeitschrift Für Strategische Analysen

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Kurzfassung Fragmentierte Wertschöpfungsketten haben in den vergangenen Jahrzehnten die globale Wohlstandsverteilung bestimmt, zugleich aber Unternehmen und Volkswirtschaften aufgrund ihrer Vernetztheit gerade im Kern ihrer industriellen Basis einer hohen strategischen Vulnerabilität ausgesetzt. Ein Beispiel sind Seltene Erden, die für eine Vielzahl an Hightech- und Greentech-Produkten (Elektromobilität, Windräder), aber auch für traditionelle Industrien wie Automobil- und Elektroindustrie (Halbleiter) und für den Verteidigungssektor (Präzisionslenkwaffen) funktionskritisch sind. Vulnerabilität ist hier deshalb hoch, da kaum Substitutionsmöglichkeiten bestehen und Recycling noch am Anfang steht. Rohstoffe und Technologien sind somit ins Zentrum strategischer Industrie- und Handelspolitik gerückt und das Gestalten und nach Möglichkeit das Dominieren globaler Wertschöpfungsketten gewinnen an Bedeutung. Der Zugang zu Wertschöpfungsketten wird zum Kristallisationspunkt wirtschafts- und sicherheitspolitischer Strategien. Der Beitrag analysiert die strategische Vulnerabilität unterschiedlicher Markt-Wettbewerbskonstellationen und prüft Abwehr- und Gestaltungsmaßnahmen für eine Governance von Vulnerabilität. Anhand von Hochleistungsmagneten und dem zugrundeliegenden Materialstrom der Seltenen Erden werden konkrete Rohstoffstrategien exemplarisch aufgezeigt und die zunehmend geforderte Rohstoff- und Technologiesouveränität kritisch diskutiert, was angesichts der wirtschafts- und sicherheitspolitischen Dimension Seltener Erden und regulativem Druck zur Umsetzung von Lieferketten-Compliance und Circular Economy dringlich erscheint.

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A Supply-Lock Competitive Market for Investable Products

Wang

2016

Asian Development Policy Review

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We propose a new market structure, a supply-lock competition (SLC), for analyzing transactions of investable goods. This study explains and analyzes how the SLC is applicable for transactions of stock, art, real estate, currency, and scarce goods. We suggest that the formation and fluctuation of the market price for these investable assets are not only related to their intrinsic values or investors' behavior, but are also derived from supply restriction. A mechanism of the SLC market structure benefits market efficiency but also continues volatility of asset prices in secondary markets as well. We demonstrate that a demand orientation dominates the valuation of investable assets, resulting in a divergence of market price and intrinsic value.

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Monopoly rents in contestable markets

Cited by 5 publications

References 3 publications

International Business Negotiations: Search of the Balance and the Equilibrium of Negotiating Powers, under Distorting Market Conditions of Competition (Monopsony, Oligopsony and Monopoly Cases)

International Business Negotiations: Search of the Balance and the Equilibrium of Negotiating Powers, under Distorting Market Conditions of Competition (Monopsony, Oligopsony and Monopoly Cases)

Governance vulnerabler strategischer Wertschöpfungsketten im Zeichen der Deglobalisierung

A Supply-Lock Competitive Market for Investable Products

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