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reveals that the partial equilibrium methodology cannot be relied upon in assessments of monopoly or monopsony whether …-side" monopoly matters when related industries or products play a role in equilibrium outcomes. In essence, once the general … equilibrium effects of market power are considered, monopoly turns out to be a far more serious concern than monopsony …
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We analyze the effects of an announced future carbon tax increase on the extraction behavior of a monopolistic supplier of a scarce fossil energy resource like oil in a two country, two period general equilibrium model with symmetric and homothetic preferences and no extraction costs. Based on...
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This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …
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We examine the effect of railway travel on urban spatial structure in a polycentric urban land use model. We focus on the role of access to the railway network. We find that if the number of train stations is limited, the degree of urbanization is higher around train stations, but the effect of...
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