The welfare consequences of the exercise of buyer power
Waterson, Michael and Dobson, Paul (1998) The welfare consequences of the exercise of buyer power. London: Office of Fair Trading. (Office of Fair Trading Research Paper).
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Official URL: http://www.oft.gov.uk/shared_oft/reports/comp_poli...
This report considers the social welfare effects resulting from the exercise of buyer power - whereby a firm or group of firms obtain from suppliers more favourable terms than those available to other buyers or would otherwise be expected under normal competitive conditions. It seeks to
synthesise and extend existing theory on monopsony and buyer power, so as to identify the conditions where detrimental effects are likely to dominate benign social welfare effects, and vice versa, with the aim of providing practical guidance to competition authorities seeking to develop appropriate responses to the presence of buyer power.
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Competition policy -- Great Britain, Purchasing -- Great Britain, Retail trade -- Great Britain|
|Series Name:||Office of Fair Trading Research Paper|
|Publisher:||Office of Fair Trading|
|Place of Publication:||London|
|Number of Pages:||56|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Copyright Holders:||Crown copyright|
Adams, W. A. (1987), ‘Countervailing Power’, in The New Palgrave: A Dictionary of Economics, edited by J. Eatwell, M. Milgate, and P. Newman, 4 volumes, Macmillan: London.
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