@article{oai:nagoya.repo.nii.ac.jp:00030318, author = {ADACHI, Takanori}, issue = {1}, journal = {経済科学}, month = {Jun}, note = {This note studies how a change in countervailing power on the retailer side (Galbraith 1952) affects the retail and wholesale prices by employing Weyl and Fabinger's (2013) conduct parameter approach in a model of vertical relationships with Nash cooperative bargaining. It is shown that an increase in countervailing power as a result of consoli- dation on the retailer side does not necessarily benefit consumers once the possibility of collusive pricing triggered by consolidation is taken into account., I thank a Grant-in-Aid for Scientific Research (C) (15K03425, 18K01567) from the Japan Society for the Promotion of Science.}, pages = {39--45}, title = {Galbraith Meets Weyl and Fabinger : Countervailing Power and Imperfect Competition in the Retail Market}, volume = {68}, year = {2020} }