Monopsony Power and Upstream Innovation*
研究了买方垄断者如何通过压低供应商短期利润来激励其创新，尽管这会导致交易量扭曲和效率损失，并讨论了企业边界的含义。
Abstract How does a monopsonist incentivize its supplier to innovate? By decreasing the short‐run profit of the supplier, the monopsonist can increase the supplier's incentive to invest in R&D by lessening the supplier's Arrow's replacement effect. The monopsonist engages in this practice despite a distortion in its trade volume with the supplier that causes inefficiency. We discuss implications for the boundaries of the firm.