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Telecommunications Regulation: An Introduction

Economides, Nicholas - EconWPA - 2004

This paper examines the justifications, history, and practice of regulation in the US telecommunications sector. We examine the impact of technological and regulatory change on market structure and business strategy. Among others, we discuss the emergence and decline of the telecom bubble, the...

Persistent link: https://www.econbiz.de/10005134493

A Dual Model of Cooperative Value

Feldman, Barry - EconWPA - 2002

An expanded model of value in cooperative games is presented in which value has either a linear or a proportional mode, and NTU value has either an input or an output basis. In TU games, the modes correspond to the Shapley (1953) and proportional (Feldman (1999) and Ortmann (2000)) values. In...

Persistent link: https://www.econbiz.de/10005407563

Pricing of Complementary Goods and Network Effects

Economides, Nicholas; Viard, Brian - EconWPA - 2004

We discuss the case of a monopolist of a base good in the presence of complementary goods provided either by it or by other firms. We assess and calibrate the extent of the influence on the profits from the base good that is created by the existence of complementary goods, i.e., the extent of...

Persistent link: https://www.econbiz.de/10005412872

About the theory and empirical analysis of “the persistence of profit” and its applicability to Colombia

Ruiz, Isabel - EconWPA - 2005

This paper looks into the application of the theory of “the persistence of profits” and how it can be used to model manufacturing industries in Colombia. By explaining where the theory of “persistence of profits” comes from, what it is, and what its determinants are brief descriptions of...

Persistent link: https://www.econbiz.de/10005412969

The Coase Problem: A Transformation of the Usual Utility Function

Maçãs, Paulo - EconWPA - 2003

Given that demand for durable goods is not constant over time, we propose in this article a transformation of the utility function, which accounts for discrete time and for the effect of different levels of income in the utility of buying. With this, the original Coase paradox will collapse. The...

Persistent link: https://www.econbiz.de/10005413295

International Trade Policy towards Monopolies and Oligopolies

Kujal, Praveen; Ruiz, Juan - EconWPA - 2003

competing in a differentiated goods market. For a domestic monopoly, and increasing the number of foreign firms, the government …

Persistent link: https://www.econbiz.de/10005556503

Informational Structure and Effciency in Monopoly

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

The paper focuses on efficiency under monopoly. Contrary to common wisdom, nine examples given in the paper show that a … Pareto-efficient output in monopoly is possible under both linear and nonlinear pricing. Pareto efficiency can be achieved … conditions; different pricing strategies; and different degree of consumer heterogeneity, in general, monopoly per se is not the …

Persistent link: https://www.econbiz.de/10005119376

Another Perspective on Planned obsolescence: is there really too much Innovation?

Ruiz, Juan - EconWPA - 2003

price discrimination. However, if monopoly power is "short lived" (for example due to copying), we show that, depending on …

Persistent link: https://www.econbiz.de/10005561432

Network Externalities, Complementarities, and Invitations to Enter

Economides, Nicholas - EconWPA - 1997

We discuss the incentive of an exclusive holder of a technology to share it with competitors in a market with network externalities. We assume that high expected sales increase the willingness to pay for the good. This is named the "network effect". At a stable fulfilled expectations...

Persistent link: https://www.econbiz.de/10005561463

Deconstructing Chicago on Exclusive Dealing

Farrell, Joseph - EconWPA - 2005

While exclusive dealing can be efficient, the Chicago School has also argued that it cannot be anticompetitive, or that it seldom is. That argument takes two forms; both are weak. First, a pricetheory argument (“the Chicago Three-Party Argument”) depends crucially on a special model of...

Persistent link: https://www.econbiz.de/10005561466