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- W3137071044 abstract "We consider a bilateral monopoly in which a manufacturer can open its direct channel that is less efficient than the existing retailer. We find the following results. The manufacturer opens its direct channel if its bargaining power over the existing retailer is weak. Opening the direct channel is detrimental to social welfare if this channel is efficient. Under a linear demand specification, if the equilibrium unit price under such opening is higher than that under no opening, the opening reduces social welfare under most of the parameter range of the efficiency of the manufacturer's direct channel." @default.
- W3137071044 created "2021-03-29" @default.
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- W3137071044 date "2018-01-01" @default.
- W3137071044 modified "2023-09-27" @default.
- W3137071044 title "A manufacturer's incentive to open its direct channel and its impact on welfare" @default.
- W3137071044 hasPublicationYear "2018" @default.
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