Now showing items 1-2 of 2

    • Measuring the welfare of intermediaries in vertical markets 

      Donna, Javier; Pereira, Pedro; Pires, Tiago; Andrade, André
      2018-12-10
      We empirically investigate the welfare of intermediaries in oligopolistic markets, where intermediaries offer additional services. We exploit the unique circumstance that, in our empirical setting, consumers can purchase ...
    • The Welfare effects of direct-to-consumer salese 

      Yoshida, Renan Chaves
      2019-03-20
      Cutting off the intermediary and selling directly to consumers is an increasingly common strategy by manufacturers in many industries. Its impact on prices, profits and consumer welfare is theoretically ambiguous. It leads ...