Showing 1 - 10 of 1,916
solution. Then we consider a monopoly. Market power affects both output and sugar content, possibly in opposite directions, and …
Persistent link: https://www.econbiz.de/10012891570
Using a Markov-perfect equilibrium model, we show that the use of customer data to practice intertemporal price … discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U … monopoly’s investment in information accuracy. However, this cost should not dissuade firms to collect some information on …
Persistent link: https://www.econbiz.de/10013323970
A monopolist producing vertically differentiated durable goods can offer in each period a sequence of price …-quality menus to segment the market. We show that, contrary to the Coase conjecture for the homogeneous durable good monopoly … that cannot commit to future price-quality menus is bounded below by a strictly positive value independent of the discount …
Persistent link: https://www.econbiz.de/10013324224
This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers’ abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into profits. Monopsony power increases the tax...
Persistent link: https://www.econbiz.de/10013224073
We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...
Persistent link: https://www.econbiz.de/10013249651
and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We … consider the Markov Perfect Equilibrium (MPE) of a game where the monopolist is unable to commit to future price-quality menus …
Persistent link: https://www.econbiz.de/10013212257
utilities. To maximize total surplus, the regulator sets the price and socially costly transfers, ensuring that the monopoly …We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public … breaks-even. With costly effort, the firm can deter evasion. Under unit demand and fixed quality, price is independent of …
Persistent link: https://www.econbiz.de/10013299243
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10013235119
copayments (specific reimbursements). We show that the induced equilibrium with copayments involves a lower producer price and a … higher level of welfare for consumers. This results provides strong support for a reference price based reimbursement policy …
Persistent link: https://www.econbiz.de/10013221173
of non-price competition. Home attachment reduces the intensity of tax competition, but generates a strategic …
Persistent link: https://www.econbiz.de/10013316737