The effect of retail competition on relationship-specific investments: evidence from new car advertising
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ijindorg.2018.03.010
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Gary S. Becker & Kevin M. Murphy, 1993. "A Simple Theory of Advertising as a Good or Bad," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(4), pages 941-964.
- Randy Brenkers & Frank Verboven, 2006.
"Liberalizing A Distribution System: The European Car Market,"
Journal of the European Economic Association, MIT Press, vol. 4(1), pages 216-251, March.
- Verboven, Frank & Brenkers, Randy, 2002. "Liberalizing a Distribution System: the European Car Market," CEPR Discussion Papers 3622, C.E.P.R. Discussion Papers.
- Paulo Albuquerque & Bart J. Bronnenberg, 2012. "Measuring the Impact of Negative Demand Shocks on Car Dealer Networks," Marketing Science, INFORMS, vol. 31(1), pages 4-23, January.
- Simon P. Anderson & Federico Ciliberto & Jura Liaukonyte & Régis Renault, 2016.
"Push-me pull-you: comparative advertising in the OTC analgesics industry,"
RAND Journal of Economics, RAND Corporation, vol. 47(4), pages 1029-1056, November.
- Anderson, Simon & Renault, Régis & Ciliberto, Federico & Liaukonyte, Jura, 2012. "Push-Me Pull-You: Comparative Advertising in the OTC Analgesics Industry," CEPR Discussion Papers 8988, C.E.P.R. Discussion Papers.
- Simon P. Anderson & Federico Ciliberto & Jura Liaukonyte & Régis Renault, 2015. "Push-Me Pull-You: Comparative Advertising in the OTC Analgesics Industry," CESifo Working Paper Series 5418, CESifo.
- Anderson, Simon & Ciliberto, Federico & Liaukonyte, Jura & Renault, Regis, 2012. "Push-Me Pull-You: Comparative Advertising in the OTC Analgesics Industry," MPRA Paper 38626, University Library of Munich, Germany.
- Buxton, A J & Davies, S W & Lyons, B R, 1984. "Concentration and Advertising in Consumer and Producer Markets," Journal of Industrial Economics, Wiley Blackwell, vol. 32(4), pages 451-464, June.
- Newey, Whitney K., 1987. "Efficient estimation of limited dependent variable models with endogenous explanatory variables," Journal of Econometrics, Elsevier, vol. 36(3), pages 231-250, November.
- G.F. Mathewson & R.A. Winter, 1984. "An Economic Theory of Vertical Restraints," RAND Journal of Economics, The RAND Corporation, vol. 15(1), pages 27-38, Spring.
- Blair,Roger D. & Lafontaine,Francine, 2011.
"The Economics of Franchising,"
Cambridge Books,
Cambridge University Press, number 9780521775892, September.
- Blair,Roger D. & Lafontaine,Francine, 2005. "The Economics of Franchising," Cambridge Books, Cambridge University Press, number 9780521772525, January.
- Christopher T. Conlon & Julie Holland Mortimer, 2021.
"Efficiency and Foreclosure Effects of Vertical Rebates: Empirical Evidence,"
Journal of Political Economy, University of Chicago Press, vol. 129(12), pages 3357-3404.
- Christopher T. Conlon & Julie Holland Mortimer, 2013. "Efficiency and Foreclosure Effects of Vertical Rebates: Empirical Evidence," NBER Working Papers 19709, National Bureau of Economic Research, Inc.
- Christopher T. Conlon & Julie Holland Mortimer, 2014. "Efficiency and Foreclosure Effects of Vertical Rebates: Empirical Evidence," Boston College Working Papers in Economics 863, Boston College Department of Economics, revised 01 Jun 2017.
- Marc Rysman, 2004. "Competition Between Networks: A Study of the Market for Yellow Pages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(2), pages 483-512.
- Perry, Martin K. & Porter, Robert H., 1990. "Can resale price maintenance and franchise fees correct sub-optimal levels of retail service?," International Journal of Industrial Organization, Elsevier, vol. 8(1), pages 115-141.
- Francine Lafontaine & Kathryn L. Shaw, 2005.
"Targeting Managerial Control: Evidence from Franchising,"
RAND Journal of Economics, The RAND Corporation, vol. 36(1), pages 131-150, Spring.
- Francine Lafontaine & Kathryn L. Shaw, 2001. "Targeting Managerial Control: Evidence from Franchising," NBER Working Papers 8416, National Bureau of Economic Research, Inc.
- Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
- Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
- repec:bla:econom:v:51:y:1984:i:23:p:271-81 is not listed on IDEAS
- Francine Lafontaine & Margaret Slade, 2007.
"Vertical Integration and Firm Boundaries: The Evidence,"
Journal of Economic Literature, American Economic Association, vol. 45(3), pages 629-685, September.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries : The Evidence," The Warwick Economics Research Paper Series (TWERPS) 799, University of Warwick, Department of Economics.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries: The Evidence," Economic Research Papers 269756, University of Warwick - Department of Economics.
- Ralph A. Winter, 1993. "Vertical Control and Price Versus Nonprice Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 61-76.
- Michelle Sovinsky Goeree, 2008. "Limited Information and Advertising in the U.S. Personal Computer Industry," Econometrica, Econometric Society, vol. 76(5), pages 1017-1074, September.
- Gaynor, Martin, 2007. "Competition and Quality in Health Care Markets," Foundations and Trends(R) in Microeconomics, now publishers, vol. 2(6), pages 441-508, February.
- James W. Friedman, 1983. "Advertising and Oligopolistic Equilibrium," Bell Journal of Economics, The RAND Corporation, vol. 14(2), pages 464-473, Autumn.
- Lester G. Telser, 1964. "Advertising and Competition," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 537-537.
- Ambarish Chandra & Matthew Weinberg, 2018. "How Does Advertising Depend on Competition? Evidence from U.S. Brewing," Management Science, INFORMS, vol. 64(11), pages 5132-5148, November.
- Linli Xu & Kenneth C. Wilbur & S. Siddarth & Jorge M. Silva-Risso, 2014. "Price Advertising by Manufacturers and Dealers," Management Science, INFORMS, vol. 60(11), pages 2816-2834, November.
- Francine Lafontaine & Fiona Scott Morton, 2010. "Markets: State Franchise Laws, Dealer Terminations, and the Auto Crisis," Journal of Economic Perspectives, American Economic Association, vol. 24(3), pages 233-250, Summer.
- Forbes, Kevin F., 1986. "Market structure and cooperative advertising," Economics Letters, Elsevier, vol. 22(1), pages 77-80.
- Bagwell, Kyle, 2007. "The Economic Analysis of Advertising," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 28, pages 1701-1844, Elsevier.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Charles Murry & Yiyi Zhou, 2020. "Consumer Search and Automobile Dealer Colocation," Management Science, INFORMS, vol. 66(5), pages 1909-1934, May.
- Charles Murry & Peter Newberry, 2022.
"Franchise Contract Regulations and Local Market Structure,"
Journal of Law and Economics, University of Chicago Press, vol. 65(1), pages 105-130.
- Charles Murry & Peter Newberry, 2020. "Franchise Contract Regulations and Local Market Structure," Boston College Working Papers in Economics 991, Boston College Department of Economics, revised 19 Mar 2021.
- Lamar Pierce & Alex Rees-Jones & Charlotte Blank, 2020. "The Negative Consequences of Loss-Framed Performance Incentives," NBER Working Papers 26619, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, September.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, January.
- Griffith, Rachel & Dubois, Pierre & O'Connell, Martin, 2014.
"The Effects of Banning Advertising on Demand, Supply and Welfare: Structural Estimation on a Junk Food Market,"
CEPR Discussion Papers
9942, C.E.P.R. Discussion Papers.
- Dubois, Pierre & Griffith, Rachel & O'Connell, Martin, 2014. "The Effects of Banning Advertising on Demand, Supply and Welfare: Structural Estimation on a Junk Food Market," TSE Working Papers 14-485, Toulouse School of Economics (TSE).
- ÖRS, Evren, 2006. "The Role of Advertising in Commercial Banking," CEPR Discussion Papers 5461, C.E.P.R. Discussion Papers.
- Muriel Fadairo & Cyntia Lanchimba & Miguel Yangari, 2016. "Optimal Monetary Provisions and Risk Aversion in Plural Form Franchise Network. A Model of Incentives with Heterogeneous Agents," Working Papers 1602, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Charles Murry & Yiyi Zhou, 2020. "Consumer Search and Automobile Dealer Colocation," Management Science, INFORMS, vol. 66(5), pages 1909-1934, May.
- Ambarish Chandra & Matthew Weinberg, 2018. "How Does Advertising Depend on Competition? Evidence from U.S. Brewing," Management Science, INFORMS, vol. 64(11), pages 5132-5148, November.
- Itai Ater & Oren Rigbi, 2007.
"Price Control In Franchised Chains: The Case Of McDonald's Dollar Menu,"
Discussion Papers
06-022, Stanford Institute for Economic Policy Research.
- Itai Ater & Oren Rigbi, 2012. "Price Control In Franchised Chains: The Case Of McDonald's Dollar Menu," Working Papers 1206, Ben-Gurion University of the Negev, Department of Economics.
- Xiao, Junji & Ju, Heng, 2016. "The determinants of dealership structure: Empirical analysis of the Chinese auto market," Journal of Comparative Economics, Elsevier, vol. 44(4), pages 961-981.
- Muriel Fadairo & Cintya Lanchimba & Miguel Yangari, 2016. "Optimal Monetary Provisions and Risk Aversion in Plural Form Franchise Networks A Model of Incentives with Heterogeneous Agents," Working Papers halshs-01251344, HAL.
- Toshiaki Iizuka, 2004. "What Explains the Use of Direct‐to‐Consumer Advertising of Prescription Drugs?," Journal of Industrial Economics, Wiley Blackwell, vol. 52(3), pages 349-379, September.
- Meiseberg, Brinja & Perrigot, Rozenn, 2020. "Pricing-based practices, conflicts and performance in franchising," European Management Journal, Elsevier, vol. 38(6), pages 939-955.
- Parisa Pourkarimi & Gamal Atallah, 2020. "The Impact of Cooperative R&D and Advertising on Innovation and Welfare," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(1), pages 143-167, March.
- Ulrich Doraszelski & Sarit Markovich, 2007. "Advertising dynamics and competitive advantage," RAND Journal of Economics, RAND Corporation, vol. 38(3), pages 557-592, September.
- Ying Fan & Kai-Uwe Kühn & Francine Lafontaine, 2017.
"Financial Constraints and Moral Hazard: The Case of Franchising,"
Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 2082-2125.
- Ying Fan & Kai-Uwe Kühn & Francine Lafontaine, 2013. "Financial Constraints and Moral Hazard: The Case of Franchising," CESifo Working Paper Series 4474, CESifo.
- Fan, Ying & Kühn, Kai-Uwe & Lafontaine, Francine, 2013. "Financial constraints and moral hazard: The case of franchising," DICE Discussion Papers 114, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Fan, Ying & Kühn, Kai-Uwe & Lafontaine, Francine, 2016. "Financial constraints and moral hazard: The case of franchising," DICE Discussion Papers 223, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Kühn, Kai-Uwe & Lafontaine, Francine & Fan, Ying, 2013. "Financial Constraints and Moral Hazard: The Case of Franchising," CEPR Discussion Papers 9728, C.E.P.R. Discussion Papers.
- Rennhoff Adam, 2008. "Paying for Shelf Space: An Investigation of Merchandising Allowances in the Grocery Industry," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 6(1), pages 1-40, October.
- Chan, Tat Y. & Narasimhan, Chakravarthi & Yoon, Yeujun, 2017. "Advertising and price competition in a manufacturer-retailer channel," International Journal of Research in Marketing, Elsevier, vol. 34(3), pages 694-716.
- Magali Chaudey & Muriel Fadairo & Gwennaël Solard, 2011.
"Sector-based explanation of vertical integration in distribution systems; Evidence from France,"
Working Papers
1136, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Magali Chaudey & Muriel Fadairo & Gwennaël Solard, 2011. "Sector-based explanation of vertical integration in distribution systems; Evidence from France," Working Papers halshs-00654848, HAL.
- Muriel Fadairo & Magali Chaudey, 2011. "Sectorbased explanation of vertical integration in distribution systems; Evidence from France," Post-Print halshs-00675242, HAL.
- Crawford, Gregory S. & Griffith, Rachel & Iaria, Alessandro, 2021. "A survey of preference estimation with unobserved choice set heterogeneity," Journal of Econometrics, Elsevier, vol. 222(1), pages 4-43.
- Wang, Shinn-Shyr & Stiegert, Kyle W., 2006.
"The Duopolistic Firm with Endogenous Risk Control: Case of Persuasive Advertising and Product Differentiation,"
Staff Paper Series
496, University of Wisconsin, Agricultural and Applied Economics.
- Wang, Shinn-Shyr & Stiegert, Kyle W., 2006. "The Duopolistic Firm with Endogenous Risk Control Case of Persuasive Advertising and Product Differentiation," Working Papers 201535, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
- Griffith, Rachel & Smith, Kate & Krol, Michal, 2015. "Store Brands and the Role of Advertising," CEPR Discussion Papers 10877, C.E.P.R. Discussion Papers.
More about this item
Keywords
Franchise regulation; Non-price competition; Automobile retailing; Vertical relationships;All these keywords.
JEL classification:
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
- M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:indorg:v:59:y:2018:i:c:p:253-281. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505551 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.