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Regulation at home, competition abroad: A theoretical framework

Calzolari, Giacomo; Scarpa, Carlo - 2001

This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...

Persistent link: https://www.econbiz.de/10011608801

Regulation under Financial Constraints

Gautier, Axel - 2002

This article studies the problem of regulating a monopolist with unknown marginal cost. The originality of the paper is to consider that the regulator faces a cash-in-advance constraint. The introduction of such a constraint not only reduces the amount of public good provided but also limits the...

Persistent link: https://www.econbiz.de/10010263052

Network Neutrality on the Internet: A Two-sided Market Analysis

Economides, Nicholas; Tåg, Joacim - 2008

We discuss the benefits of net neutrality regulation in the context of a two-sided market model in which platforms sell …. When access is monopolized, we find that generally net neutrality regulation (that imposes zero fees on the other side of … the market) increases total industry surplus compared to the fully private optimum at which the monopoly platform imposes …

Persistent link: https://www.econbiz.de/10010320106

Process and Product Innovation by a Multiproduct Monopolist: A Dynamic Approach

Lambertini, Luca; Mantovani, Andrea - 2005

We model the optimal behaviour of a multiproduct monopolist investing both in process and in product innovation in a dynamic setting. Product innovation reduces the degree of substitutability between any two varieties. First, we find that R&D efforts increase in both directions as the number of...

Persistent link: https://www.econbiz.de/10011651445

Does government precommitment promote environmental innovation?

Petrakis, Emmanuel; Xepapadeas, Anastasios P. - 1998

This paper investigates the effect of credibility of environmental policies on environmental innovation and welfare. When the government precommits to an emission tax, the monopolist's abatement effort is lower than if the environmental policy is at the government's discretion. Time consistent...

Persistent link: https://www.econbiz.de/10011608456

Monopoly with Resale

Calzolari, Giacomo; Pavan, Alessandro - 2003

This paper studies revenue-maximizing mechanisms for a monopolist who expects her buyers to resell in a secondary market. We consider two modes of resale: the first is to a third party who does not participate in the primary market; the second is inter-bidders resale, where the winner in the...

Persistent link: https://www.econbiz.de/10011325055

Monopoly, inequality and redistribution via the public provision of private goods

Katsimi, 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/10010261071

Moral Hazard, Market Power, and Second Best Health Insurance

Wigger, Berthold U.; Anlauf, Markus - 2002

Individual moral hazard engendered by health insurance and monopolistic production are both typical phenomena of drug markets. We develop a simple model containing these two elements and evaluate the market equilibrium on the basis of consumer and social welfare. The consumer welfare criterion...

Persistent link: https://www.econbiz.de/10010296968

Monopoly innovation and welfare effects

Yao, Shuntian; Gan, Lydia - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-27, pp. 1-21

In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously …

Persistent link: https://www.econbiz.de/10010302705

Hydropower economics

Førsund, Finn R. - 2005

. Finally, the case of monopoly is studied.Different from standard monopoly behaviour of contracting output, if total available …

Persistent link: https://www.econbiz.de/10010284494

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