Monopsony Power and Upstream Innovation*

IF 1.7 4区经济学 Q3 BUSINESS, FINANCE

Journal of Industrial Economics Pub Date : 2023-12-29 DOI:10.1111/joie.12379

Álvaro Parra, Guillermo Marshall

引用次数: 0

Abstract

How does a monopsonist incentivize its supplier to innovate? By decreasing the short-run profit of the supplier, the monopsonist can increase the supplier's incentive to invest in R&D by lessening the supplier's Arrow's replacement effect. The monopsonist engages in this practice despite a distortion in its trade volume with the supplier that causes inefficiency. We discuss implications for the boundaries of the firm.

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垄断势力与上游创新*

垄断者如何激励供应商创新？通过降低供应商的短期利润，垄断者可以减少供应商的阿罗替代效应，从而提高供应商投资研发的积极性。尽管垄断者与供应商的贸易量扭曲，导致效率低下，但垄断者仍会采取这种做法。我们将讨论对企业边界的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Industrial Economics Multiple-

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： First published in 1952, the Journal of Industrial Economics has a wide international circulation and is recognised as a leading journal in the field. It was founded to promote the analysis of modern industry, particularly the behaviour of firms and the functioning of markets. Contributions are welcomed in all areas of industrial economics including: - organization of industry - applied oligopoly theory - product differentiation and technical change - theory of the firm and internal organization - regulation - monopoly - merger and technology policy Necessarily, these subjects will often draw on adjacent areas such as international economics, labour economics and law.