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Market power, production (mis)allocation and OPEC

Asker, John; Collard-Wexler, Allan; De Loecker, Jan - 2017

This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....

Persistent link: https://www.econbiz.de/10012116720

Competition Regulation in Ecuador

Marin-Tobar, Luis - 2015

Economic growth has been restricted in developing countries because of the existence of high degrees of concentration and numerous market failures affecting development. In these types of markets, implementation of competition law and policy is fundamental to work toward a much-desired...

Persistent link: https://www.econbiz.de/10014151329

Differential Pricing in Intermediate Good Markets

Li, Youping - 2015

This paper studies differential pricing by an upstream monopolist whose cost to supply the intermediate good differs across buyers in the downstream. It is shown that, different from third degree price discrimination based on the downstream firms' cost of transforming the intermediate good into...

Persistent link: https://www.econbiz.de/10013024375

Vertical Mergers in a Model of Upstream Monopoly and Incomplete Information

Moresi, Serge; Reitman, David; Salop, Steven C.; … - 2021

monopolist has incomplete information and cannot implement the monopoly outcome: The expected pre-merger equilibrium price of the … downstream product is lower than the monopoly price. After a vertical merger, the equilibrium input price that is charged to the …, respectively. However, in all cases the equilibrium price of the downstream product increases to the monopoly price. Therefore, the …

Persistent link: https://www.econbiz.de/10013223455

Private Label and Third-Degree Price Discrimination in Intermediate Goods Market

Omiya, Shungo - 2021

This paper examines the effect of private label sold by one of two retailers (the “chain store”) on wholesale prices in the intermediate goods market. Under sym- metric retail costs, the chain store can make the wholesale price lower than its rival (the “local store”) when the private...

Persistent link: https://www.econbiz.de/10013251587

NYSE Changing Hands : Antitrust and Attempted Acquisitions of an Erstwhile Monopoly

Jeitschko, Thomas D. - 2013

The Intercontinental Exchange's current attempted acquisition of NYSE-Euronext is the third takeover proposal in as many years. In this article the two previous attempts are reviewed and lessons are drawn from an antitrust and competition policy perspective concerning the evolving competitive...

Persistent link: https://www.econbiz.de/10013077633

Sports League Expansion and Economic Efficiency : Monopoly Can Enhance Consumer Welfare

Kahn, Lawrence M. - 2021

inframarginal fans' utility. In some cases, the monopoly outcome is optimal, while in others the optimum league size is between the … competitive and monopoly solutions …

Persistent link: https://www.econbiz.de/10013319601

Is this Time Different : Schumpeter, the Tech Giants, and Monopoly Fatalism

Bourne, Ryan - 2020

undermining consumer welfare.Economist Joseph Schumpeter warned against such monopoly fatalism. He recognized that the most … extremely skeptical about predictions of entrenched monopoly power for Amazon, Google, Facebook, Apple, and Microsoft today …

Persistent link: https://www.econbiz.de/10012846229

Interoperability and Foreclosure in the European Microsoft Case

Kuhn, Kai-Uwe; Van Reenen, John - 2014

In this paper we discuss some of the most important economic issues raised in European Commission vs. Microsoft (2004) concerning the market for work group servers. In our view, the most important economic issues relate to (a) foreclosure incentives and (b) innovation effects of the proposed...

Persistent link: https://www.econbiz.de/10014048367

Price Discrimination Via Proprietary Aftermarkets

Emch, Eric R. - 2001

Price markups over marginal cost are often higher on "aftermarket" parts and services for durable goods than they are on the goods themselves. A popular explanation is that the aftermarket good is used as a "metering" device. This paper explores what happens in the metering model as foremarket...

Persistent link: https://www.econbiz.de/10014035990

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