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Political culture and monopoly price determination
Epstein, Gil S.; Nitsan, Shemuʾel - 2002
In this paper we study the endogenous determination of monopoly price. Our proposed game of endogenous monopoly …-price setting extends the literature on monopoly-price, monopoly rent-seeking contests and monopoly rent-seeking rent …-avoidance contests by (i) determining the monopoly price such that it maximizes a composite utility function that depends on two …
Persistent link: https://www.econbiz.de/10001648815
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Taxation in two-sided markets
Kind, Hans Jarle; Koethenbuerger, Marko; Schjelderup, … - 2006
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/10003412162
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Why parallel trade may raise producers profits
Raff, Horst; Schmitt, Nicolas - 2005
This paper shows that a manufacturer may benefit from parallel trade. In addition to an intuitive condition about the effect of demand shocks, this occurs when competitive retailers must order inventories before they know the realization of demand and for products whose sale value drops at the...
Persistent link: https://www.econbiz.de/10003065729
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State intervention on the market for natural damage insurance in Europe
Ungern-Sternberg, Thomas von - 2003
further major advantage of the monopoly solution is the fact, that public insurers have a strong incentive to actively …
Persistent link: https://www.econbiz.de/10001818027
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Optimal pricing and endogenous herding
Bose, Subir; Orosel, Gerhard O.; Vesterlund, Lise - 2002
We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers make their purchasing decisions sequentially, and rely on a private signal as well as previous buyers' actions to infer the common value of the object. The model applies to a...
Persistent link: https://www.econbiz.de/10001673508
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A structural econometric model of price discrimination in the mortgage lending industry
Gary-Bobo, Robert; Larribeau, Sophie - 2002
Persistent link: https://www.econbiz.de/10001678161
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Common agency equilibria with discrete mechanisms and discrete types
Martimort, David; Stole, Lars A. - 2001
This paper characterizes the equilibrium sets of an intrinsic common agency game with discrete types and direct revelation mechanisms. After presenting a general algorithm to find the pure -strategy equilibria of this game, we use it to characterize these equilibria when the two principals...
Persistent link: https://www.econbiz.de/10001624291
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … their bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than …
Persistent link: https://www.econbiz.de/10001572389
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Monopoly, inequality and redistribution via the public provision of private goods
Katsimē, Margarita; Moutos, Thomas - 2004
competitive and monopolistic settings. We find that the presence of monopoly results in a higher tax rate than in the competitive … competition, she may prefer ceteris paribus a positive tax rate in the presence of monopoly. …
Persistent link: https://www.econbiz.de/10002482197
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Network markets and consumer coordination : presented at Kiel-Munich Workshop on the Economics of Information and Network Industries, August 2004
Ambrus, Attila; Argenziano, Rossella - 2004
This paper assumes that groups of consumers in network markets can coordinate their choices when it is in their best interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can coexist in equilibrium if consumers have heterogeneous...
Persistent link: https://www.econbiz.de/10002484326