H. Raff, Nicolas Schmitt
2009.8.1Australasian Psychiatry
tlooto Summary
The development of CALIBRA is described, a procedure that attempts to find the best values for up to five search parameters associated with a procedure under study and is able to find parameter values that either match or improve the performance of the procedures resulting from using the parameter values suggested by their developers.
Abstract
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in autarky, thus reversing the standard effects of trade liberalization. Second, the pro-competitive effects of trade liberalization are weaker under buyer power than under seller power.
Citation format
RAFF, H.; SCHMITT, Nicolas. Buyer power in international markets. Australasian Psychiatry, 2009, 2: 121–122.