研討日期

201471210:30 ~ 13:00

研討地點

台大社會科學院26教室

題目

Vertical distribution, parallel trade, and price divergence in integrated markets

作者

Mattias Ganslandt and Keith E. Maskus

文獻出處

EER(2007)

報告人

參加人員

黃鴻、梁文榮、林燕淑、王光正、丁虹仁、彭正浩、高國峯、許至乙、周冰瑤、呂得成、吳尚弈、呂雅媛、施姵全

摘要

We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets that are integrated at the distributor level by parallel imports (PI). The manufacturing firm needs to set these two prices to balance three competing interests: restricting competition in the PI-recipient market, avoiding resource wastes due to actual trade, and reducing the double-markup problem in the PI-source nation. These tradeoffs imply the counterintuitive result that retail prices could diverge as a result of declining trading costs, even as the volume of PI increases. Thus, in some circumstances it may be misleading to think that permitting PI is an unambiguous force for price integration.