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that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …
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monopoly, analysing questions of introductory pricing and quantity rationing. The model suggests that neither of these two … instruments is able to explain why we see so much free software in the markets. -- software monopoly ; lagged network externality …
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Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) often need to persuade potential buyers or adopters of the worth of their property or idea. To this purpose, they often resort to more or less independent certifiers. This paper...
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