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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011942732
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679
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Perfect competition, market power, and contestability
Budzinski, Oliver; Stöhr, Annika - 2024
mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
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Product differentiation and oligopoly : a network approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …
Persistent link: https://www.econbiz.de/10013503368
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Dynamic durable goods monopoly and market power
Altan, Basak - In: Games 11 (2020) 2/22, pp. 1-14
-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly … power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different …
Persistent link: https://www.econbiz.de/10012431895
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The dynamics of product and labor market power : evidence from Lithuania
Ding, Ziran; Garcia-Louzao, Jose; Jouvanceau, Valentin - 2024
This paper characterizes the power dynamics of firms in both product and labor markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. Interestingly, we unveil that...
Persistent link: https://www.econbiz.de/10014452325
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander - 2021
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the effects of unionization on the dynamics of worker earnings across differently concentrated markets. Exploiting tax reforms to union due deductions as exogenous shocks to...
Persistent link: https://www.econbiz.de/10012745267
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Self-organising (Kohonen) maps for the Vietnam banking industry
Man Ha; Gan, Christopher; Nguyen, Cuong; Anthony, Patricia - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-18
This is the first study to use the self-organisation (Kohonen) map technique, an artificial neural network based on a non-supervised learning algorithm, to categorise Vietnamese banks into super-class groups. Drawing on unbalanced yearly data from 2008 to 2017, this study identifies two...
Persistent link: https://www.econbiz.de/10012792367
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Does a second-hand market limit a durable goods monopolist's market power?
Liang, Meng-yu - 2019
Persistent link: https://www.econbiz.de/10012405406