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Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing
Miravete, Eugenio J. - 2014
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988
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Horizontal Mergers and Product Quality
Brekke, Kurt Richard - 2015
We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i) the magnitude of variable quality costs, and (ii) the relative magnitudes of cross-quality and cross-price effects on demand. The merging firms will increase (reduce) both...
Persistent link: https://www.econbiz.de/10013019860
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Hospital Competition and Quality with Regulated Prices
Brekke, Kurt Richard - 2010
of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation …
Persistent link: https://www.econbiz.de/10013152862
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Controlling Product Risks When Consumers are Heterogeneously Overconfident : Producer Liability vs. Minimum Quality Standard Regulation
Baniak, Andrzej; Grajzl, Peter - 2021
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10013315573
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Experimentation in Two-Sided Markets
Peitz, Martin - 2015
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10013022496
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Pay What You Want as a Marketing Strategy in Monopolistic and Competitive Markets
Schmidt, Klaus M. - 2014
Pay What You Want (PWYW) can be an attractive marketing strategy to price discriminate between fair-minded and selfish customers, to fully penetrate a market without giving away the product for free, and to undercut competitors that use posted prices. We report on laboratory experiments that...
Persistent link: https://www.econbiz.de/10013043182
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Efficiency Enhancing Taxation in Two-Sided Markets
Kind, Hans Jarle - 2008
-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by …
Persistent link: https://www.econbiz.de/10012772273
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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea - 2008
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10012772229
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Genetic Contamination of Traditional Products
Choi, E. Kwan - 2021
Cross-pollination can be caused by birds, insects and wind. Genetically modified (GM) seeds are produced each year in a controlled environment to maintain their purity. However, pollen from the GM crop can be transferred to traditional crops. When the GM crop producers are in long-run...
Persistent link: https://www.econbiz.de/10013315953
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Markets for Information : Of Inefficient Firewalls and Efficient Monopolies
Cabrales, Antonio; Gottardi, Piero - 2021
typically noisy. Also, the market for information tends to be a monopoly, and there is typically inefficiency given by …
Persistent link: https://www.econbiz.de/10013316507