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good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …
Persistent link: https://www.econbiz.de/10012606279
likely are entry restrictions, whereas a greater relevance of firms makes a monopoly more probable. The nature of entry …
Persistent link: https://www.econbiz.de/10013263940
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10010272373
market, monopoly pricing is well defined - as well as tests for predatory behavior; not so with multisided markets. Since the … markets for their potential for determining consumers' harm and welfare effects, as well as defining monopoly and predatory …
Persistent link: https://www.econbiz.de/10012113480
an FDR market featuring either (i) both DSO and aggregators; or (ii) a monopoly aggregator also supplying generation to … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …
Persistent link: https://www.econbiz.de/10012615419
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries … and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from … able to identify heterogeneous effects of legal unbundling for different types of price regulation, because we observe a …
Persistent link: https://www.econbiz.de/10011933949
incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …
Persistent link: https://www.econbiz.de/10012619032
Accounting for network operators' heterogeneity is of crucial importance for regulators. In contrast to observed heterogeneity, the consideration of unobserved differences is far more challenging. Most estimation models try to account for unobserved factors that impact the network operators'...
Persistent link: https://www.econbiz.de/10012653859
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
Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...
Persistent link: https://www.econbiz.de/10011306640