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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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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
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Pay What You Want as a Marketing Strategy in Monopolistic and Competitive Markets
Schmidt, Klaus M. - 2014
voluntarily under PWYW. Furthermore, to see how competition affects the viability of PWYW, we implement markets in which a PWYW …
Persistent link: https://www.econbiz.de/10013043182
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One-Sided Private Provision of Public Goods with Implicit Lindahl Pricing
Meier, Volker - 2011
We consider a sequential game in which one player produces a public good and the other player can influence this decision by making an unconditional transfer. An efficient allocation requires the Lindahl property: the sum of the two (implicit) individual prices has to be equal to the resource...
Persistent link: https://www.econbiz.de/10013131546
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Do Permit Allocations Matter?
Verbon, Harrie A. A. - 2010
In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...
Persistent link: https://www.econbiz.de/10013136241
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Proprietary Public Finance : On its Emergence and Evolution Out of Anarchy
Skaperdas, Stergios - 2011
Proprietary rule, whereby the state is owned by a ruler who maximizes tax revenues minus the costs of governing, is a useful ideal type that describes many of the states that have ever existed. The study of proprietary rule and its public finance, however, is comparatively scarce. I argue that...
Persistent link: https://www.econbiz.de/10013123216
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On the Legitimacy of Coercion for the Financing of Public Goods
Bierbrauer, Felix J. - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10013158910
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Incentive Regulation, Investments and Technological Change
Vogelsang, Ingo - 2021
balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible …
Persistent link: https://www.econbiz.de/10013316240
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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
externalities present in the market and firms and consumers all participate in the platform with probability one. The monopolist … that the monopoly platform does not introduce distortions over and above those arising from the market power of the … same time increases competition. As a result, the platform lowers the firm fees and raises the consumer charges. In …
Persistent link: https://www.econbiz.de/10012772229