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-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
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
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known textbook result in one-sided markets is that a government may increase a...
Persistent link: https://www.econbiz.de/10013317276
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10013149368
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and … the supplier's price of oil, thus decreasing non-OPEC countries' oil demand, and transferring OPEC monopoly rent to non …
Persistent link: https://www.econbiz.de/10013095719
Recently, several states repealed their laws restricting the sale of alcohol on Sundays. We investigate the effect of this policy change on crime trends in seven states using data from FBI's National Incident-Based Reporting System (NIBRS). We identify the impact of the legalization of Sunday...
Persistent link: https://www.econbiz.de/10013043184
This paper estimates the external costs of harmful alcohol use in the European Union (EU) and confronts them with the alcohol excise duty collections per adult and per litre of pure alcohol in the various Member States. In all but one Member State, drinkers do not appear to pay their way. This...
Persistent link: https://www.econbiz.de/10013317377
party mimic each other's policies. Moreover partisan politics may also act through a monopoly power effect linked to several … sources of interaction. Yardstick hypothesis, intellectual trend hypothesis and potential partisan monopoly power effect are … intellectual trend hypothesis. Moreover evidence is found of a partisan monopoly power effect: several successive legislatures with …
Persistent link: https://www.econbiz.de/10013096572
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
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