Reverse Pricing and Revenue Sharing in a Vertical Market
Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers...
Ausführliche Beschreibung
Autor*in: |
Liu, Qihong [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
2015 |
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Rechteinformationen: |
Nutzungsrecht: Copyright © 2014 John Wiley & Sons, Ltd. |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Managerial and decision economics - Chichester [u.a.] : Wiley, 1980, 36(2015), 5, Seite 299-313 |
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Übergeordnetes Werk: |
volume:36 ; year:2015 ; number:5 ; pages:299-313 |
Links: |
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DOI / URN: |
10.1002/mde.2669 |
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OLC1968469427 |
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520 | |a Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. | ||
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10.1002/mde.2669 doi PQ20160617 (DE-627)OLC1968469427 (DE-599)GBVOLC1968469427 (PRQ)p1999-907e66ed172e7d2bf59c46e0ffe07652236cb38d2dfaf59181d978e76e4d9a33 (KEY)0103553320150000036000500299reversepricingandrevenuesharinginaverticalmarket DE-627 ger DE-627 rakwb eng 650 ZDB 85.00 bkl Liu, Qihong verfasserin aut Reverse Pricing and Revenue Sharing in a Vertical Market 2015 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. Nutzungsrecht: Copyright © 2014 John Wiley & Sons, Ltd. Pricing policies Comparative analysis Studies Revenue sharing Vertical markets Elasticity of demand Shuai, Jie oth Enthalten in Managerial and decision economics Chichester [u.a.] : Wiley, 1980 36(2015), 5, Seite 299-313 (DE-627)167832816 (DE-600)582227-0 (DE-576)015880761 0143-6570 nnns volume:36 year:2015 number:5 pages:299-313 http://dx.doi.org/10.1002/mde.2669 Volltext http://onlinelibrary.wiley.com/doi/10.1002/mde.2669/abstract http://search.proquest.com/docview/1688038734 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_4012 85.00 AVZ AR 36 2015 5 299-313 |
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10.1002/mde.2669 doi PQ20160617 (DE-627)OLC1968469427 (DE-599)GBVOLC1968469427 (PRQ)p1999-907e66ed172e7d2bf59c46e0ffe07652236cb38d2dfaf59181d978e76e4d9a33 (KEY)0103553320150000036000500299reversepricingandrevenuesharinginaverticalmarket DE-627 ger DE-627 rakwb eng 650 ZDB 85.00 bkl Liu, Qihong verfasserin aut Reverse Pricing and Revenue Sharing in a Vertical Market 2015 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. Nutzungsrecht: Copyright © 2014 John Wiley & Sons, Ltd. Pricing policies Comparative analysis Studies Revenue sharing Vertical markets Elasticity of demand Shuai, Jie oth Enthalten in Managerial and decision economics Chichester [u.a.] : Wiley, 1980 36(2015), 5, Seite 299-313 (DE-627)167832816 (DE-600)582227-0 (DE-576)015880761 0143-6570 nnns volume:36 year:2015 number:5 pages:299-313 http://dx.doi.org/10.1002/mde.2669 Volltext http://onlinelibrary.wiley.com/doi/10.1002/mde.2669/abstract http://search.proquest.com/docview/1688038734 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_4012 85.00 AVZ AR 36 2015 5 299-313 |
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Reverse Pricing and Revenue Sharing in a Vertical Market |
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Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. |
abstractGer |
Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. |
abstract_unstemmed |
Advancing in information technology has empowered firms with unprecedented flexibility when interacting with each other. We compare welfare results in a vertical market (e.g., manufacturers and retailers) for several types of pricing strategies depending upon the following: (1) which side (retailers or manufacturers) chooses retail prices; and (2) whether there is revenue sharing or linear pricing between the two sides. Our results are as follows. Under revenue sharing, retail prices (and thus industry profits) are higher if and only if they are chosen by the side featuring less competition. Under linear pricing, however, retail prices are higher if they are chosen by the side featuring more competition (for linear demand functions). Relative to linear pricing, revenue sharing always leads to lower retail prices, higher consumer surplus and social surplus. However, the comparison on industry profits depends on the demand elasticity ratios. Revenue sharing raises industry profits when the elasticity ratios are small, but the results are reversed when the elasticity ratios are large. Copyright © 2014 John Wiley & Sons, Ltd. |
collection_details |
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title_short |
Reverse Pricing and Revenue Sharing in a Vertical Market |
url |
http://dx.doi.org/10.1002/mde.2669 http://onlinelibrary.wiley.com/doi/10.1002/mde.2669/abstract http://search.proquest.com/docview/1688038734 |
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author2 |
Shuai, Jie |
author2Str |
Shuai, Jie |
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167832816 |
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doi_str |
10.1002/mde.2669 |
up_date |
2024-07-04T03:27:33.099Z |
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