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This paper studies the relationship between three key elements of the marketing mix, namely, price, product, and promotion, in a model where a seller employs informative advertising to launch a new product. We propose a fairly general advertising technology for the study of three promotional...
Persistent link: https://www.econbiz.de/10011318584
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/10011374421
likely to occur when this distribution is rather flat. In particular, monopoly production results in the oversupply of …
Persistent link: https://www.econbiz.de/10011378950
our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for …We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for … literature. As a result, prices of drugs sold by a monopoly treating rare serious diseases are doomed to go sky high. …
Persistent link: https://www.econbiz.de/10012416335
a major share in total revenue, monopoly regulation typically concentrates on the control of core-good prices (“core …
Persistent link: https://www.econbiz.de/10010504043
Persistent link: https://www.econbiz.de/10010191085
affects the optimal price/price markup or optimal quantity. A monopoly example is used to show that seemingly strong … uncertainty types can lead to quite special results. Monopoly examples of the newsboy problem type are further used to show that …
Persistent link: https://www.econbiz.de/10010532588
This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality …
Persistent link: https://www.econbiz.de/10010421801
Water markets with market power are analysed as multi-market Cournot competition in which the river structure constrains access to local markets and limited resources impose capacity constraints. Conditions for uniqueness are identified. Lerner indices are larger under binding resource...
Persistent link: https://www.econbiz.de/10011380731
a number of market organizations: private monopoly, perfect competition and public supply. Increasing the share of robot …
Persistent link: https://www.econbiz.de/10010532595