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bunching occurs, the bunching interval is necessarily smaller. Additionally, under certain conditions the monopoly solution may … even achieve the ?rst best (i.e., production ef?ciency). We also demonstrate that the optimal monopoly so- lutions can be …
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mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
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-shape in the success probability. Since even at the peak entry is rather unlikely, the persistence of the monopoly is high …. -- Persistence of Monopoly ; Efficiency Effect ; Replacement Effect ; Stochastic Innovations …
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Microsoft's monopoly as it was claimed by the courts within their 'applications barrier to entry' theory. I claim that current … courts' underlying economic paradigm regarding the assessment of monopoly power in 'New Economy Network Markets' was strongly … influenced by BRIAN W. ARTHUR's theory of path dependence claiming (1) that high-technology markets being subject to network …
Persistent link: https://www.econbiz.de/10003958724
This study constructs a model of anticompetitive exclusive-offer competition between two existing upstream firms. Under exclusive-offer competition, the upstream firm's profit depends on the rival's exclusive offer. If the rival makes an exclusive offer acceptable for the downstream firm, the...
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monopoly position in one market via tying even when it does not have market power in another market. This is shown on a model …
Persistent link: https://www.econbiz.de/10012735813
The reluctance of antitrust to condemn parallel exclusion permits oligopolies to be entrenched. This is because parallel exclusion — multiple-firm conduct that inhibits market entrants — cannot satisfy the current strictures of monopolization, which is understood to prohibit single-firm...
Persistent link: https://www.econbiz.de/10012994512
Platforms often use fee discrimination within their marketplace (e.g., Amazon, eBay, and Uber specify a variety of merchant fees). To better understand the impact of marketplace fee discrimination, we develop a model that allows us to determine equilibrium fee and category decisions that depend...
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