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Blind Tigers and Red-Tape Cocktails : Liquor Control and Homicide in Late-Nineteenth-Century South Carolina
Bodenhorn, Howard - 2016
monopoly in wholesale and retail alcohol distribution. The combination of a market decline in the availability of alcohol …, reduced variety, and monopoly pricing at state-operated outlets encouraged black markets in alcohol. Because black market …
Persistent link: https://www.econbiz.de/10012455700
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Deposit Spreads and the Welfare Cost of Inflation
Kurlat, Pablo - 2018
Since bank deposits and currency are substitutes and banks have monopoly power, higher nominal interest rates lead to …
Persistent link: https://www.econbiz.de/10012481033
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Monopoly Power and Endogenous Product Variety : Distortions and Remedies
Bilbiie, Florin O. - 2008
The inefficiencies related to endogenous product creation and variety under monopolistic competition are two-fold: one static--the misalignment between consumers and producers regarding the value of a new variety; and one dynamic--time variation in markups. Quantitatively, the welfare costs of...
Persistent link: https://www.econbiz.de/10012464264
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Regulation - the Corridor to Liberalization : The Experience of the Israeli Phone Market 1984-2005
Gronau, Reuben - 2006
-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a … 20 years, analyzing its impact on consumers' welfare, the monopoly's profitability and its productivity. Though the …
Persistent link: https://www.econbiz.de/10012466044
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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2006
So long as the entry and exit of firms using the generic technology sets the price in an industry, one or more price-taking firms can coexist with proprietary technologies yielding more or less substantial quasi-rents to the sunk development costs. Consumer welfare is increased if an innovator...
Persistent link: https://www.econbiz.de/10012466574
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Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation
Fullerton, Don - 2002
include pre-existing monopoly power as well. We show that the existence of monopoly power has two offsetting effects on … welfare. First, the environmental policy reduces monopoly profits, and the negative effect on income increases labor supply in … interaction with the pre-existing monopoly distortion further exacerbates the labor supply distortion. This second effect is …
Persistent link: https://www.econbiz.de/10012469813
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Imperfect Competition in Selection Markets
Mahoney, Neale - 2014
Standard policies to correct market power and selection can be misguided when these two forces co-exist. Using a calibrated model of employer-sponsored health insurance, we show that the risk adjustment commonly used by employers to offset adverse selection often reduces the amount of...
Persistent link: https://www.econbiz.de/10012458255
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Government as a Discriminating Monopolist in the Financial Market : The Case of China
Gordon, Roger H. - 1999
To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital controls and regulating interest rates, the government controls both the set of firms that can sell equity on the domestic or foreign stock markets, and the amount they can sell....
Persistent link: https://www.econbiz.de/10012471684
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Who Owns the Media?
Djankov, Simeon - 2001
government monopoly …
Persistent link: https://www.econbiz.de/10012470436
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The Effect of Alcohol Prohibition on Alcohol Consumption
Miron, Jeffrey A. - 1999
This paper examines the impact of Prohibition on alcohol consumption. Since data on both the price and quantity of alcohol are unavailable during the Prohibition period, it is not possible to estimate Prohibition's impact on either the supply or demand for alcohol. Assuming the existence of a...
Persistent link: https://www.econbiz.de/10012471664