Competitive Price Discrimination in a Spatially Differentiated Intermediate Goods Market ∗

  title={Competitive Price Discrimination in a Spatially Differentiated Intermediate Goods Market ∗},
  author={Walter Beckert and Howard Smith and Y. Takahashi},
Intermediate product markets are distinct in several ways, including the large size of the transactions, and the ability to price discriminate using buyer-specific prices. We study a competitive intermediate goods market in which there are buyer-specific prices. Using a rich dataset of transactions from the UK brick industry– in which transportation costs play an important role– we estimate a model of price setting in which the price is set specifically for each transaction. We estimate two… CONTINUE READING
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