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We model competition between two unregulated mobile phone companies with price-elastic demand and less than full market coverage. We also assume that there is a regulated full-coverage fixed network. In order to induce stronger competition, mobile companies could have an incentive to raise their...
Persistent link: https://www.econbiz.de/10003005098
voluntary regulation in the context of a Medicare payment reform, in which one medical provider receives a single, predetermined … inefficient transfers. Our analysis highlights key design elements to consider under voluntary regulation …
Persistent link: https://www.econbiz.de/10012833119
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to higher overall expenditures for consumers. Furthermore, while the manufacturers invest...
Persistent link: https://www.econbiz.de/10003726042