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Sylos Labini’s essay is devoted to the analysis of price determination under condition of monopoly and monopsony. The … problem of price indeterminacy in case of bilateral monopoly (associated with monopsony) is thoroughly discussed in relation … analysis of monopoly and monopsony to dismiss the ‘Classical’ argument that a perfect wage flexibility can bring about a full …
Persistent link: https://www.econbiz.de/10010786830
A principal, who wants prices to be as lowas possible, contracts with agents who would like to charge the monopoly …
Persistent link: https://www.econbiz.de/10005093950
to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent …
Persistent link: https://www.econbiz.de/10005738376
This paper analyses how Cournot‟s views on Monopoly have influenced the marginalists authors. It is argued that there … are two different points of view in the cournotian evaluation of the consequence of Monopoly. The first one is a purely … these it is derived a negative appreciation on Monopoly. The second is a more pragmatic point of view. Whereas the former is …
Persistent link: https://www.econbiz.de/10008491640
We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means of a newly collected data set. In particular, we use regression techniques to investigate the determinants of the number of bidders, the identity of the winning bidder and the...
Persistent link: https://www.econbiz.de/10010957592
The nation states created by the disintegration of the former Soviet Union inherited transportation systems ill suited to the needs of market economies. Technologies were often outmoded, too energy intensive and not well adapted to the on-time delivery of small shipments characteristic of a...
Persistent link: https://www.econbiz.de/10009275867
Persistent link: https://www.econbiz.de/10008551632
Since the publication by Williamson (1968) of his seminal paper on antitrust there has been a growing recognition by regulators of the need to assess trade-offs between merger-related efficiency gains and merger-induced increases in market power. This paper addresses that need by presenting a...
Persistent link: https://www.econbiz.de/10005123686
Persistent link: https://www.econbiz.de/10010707527
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads … and Walras both concluded that railroads were better managed under the monopoly regime; however they drew upon different …. Both theorists argued that inland waterways—as opposed to railroads—could be vertically unbundled, a point which previous …
Persistent link: https://www.econbiz.de/10011073245