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Product Pricing when Demand Follows a Rule of Thumb
Matzke, Christina; Wirth, Benedikt - 2009
as suggested in consumer research. On this basis, we investigate monopoly and competition between firms, described via an …-loop system. We derive a Nash equilibrium and examine the influence of advertising. We show for the monopoly case that a reduction …
Persistent link: https://www.econbiz.de/10010270001
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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
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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
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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
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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
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Competition In or For the Field: Which is Better
Engel, Eduardo; Fischer, Ronald; Galetovic, Alexander - 2002
to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent … bidding the lowest price (competition for the field) with having two agents provide the good under (imperfectly) competitive … conditions (competition in the field). We obtain a simple sufficient condition showing unambiguously which option is best. The …
Persistent link: https://www.econbiz.de/10010369246
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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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Monopoly, inequality and redistribution via the public provision of private goods
Katsimi, Margarita; Moutos, Thomas - 2004
competition, she may prefer – ceteris paribus – a positive tax rate in the presence of monopoly. … competitive and monopolistic settings. We find that the presence of monopoly results in a higher tax rate than in the competitive …
Persistent link: https://www.econbiz.de/10010261071
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A compass to guide EU policy in support of business competitiveness
Erixon, Fredrik; Guinea, Oscar; Lamprecht, Philipp; … - 2022
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
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Market orientation and gender wage gaps: An international study
Weichselbaumer, Doris; Winter-Ebmer, Rudolf; … - 2007
in international data. More market orientation might be related to gender wage gaps via its effects on competition in …
Persistent link: https://www.econbiz.de/10010294049