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conduct an experiment with games inspired by these models. In the Dixit-style game, the incumbent monopolizes the market most …
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distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … market entries to discipline the behavior of powerful incumbents on monopoly or dominance markets. Recently, contestability …
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outcome in terms of liquidity and (generally) welfare compared to the case of an unregulated monopoly. Controlling entry or …
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, because they intensify price competition too much. Multi-product monopoly can lead to better design incentives than the non …
Persistent link: https://www.econbiz.de/10012470171
This article reviews recent developments in the study of industry dynamics, with a special emphasis on the econometric endogeneity of market structure. Endogeneity of market structure follows from the presence of serially correlated unobservable shocks to the profitability of firms' dynamic...
Persistent link: https://www.econbiz.de/10012824634
based on a unique nationwide fiscal experiment. We study the effects of the 1869 stamped paper tax reform act on the market …
Persistent link: https://www.econbiz.de/10013320527