competition model for competition law and policy are limited. Market power is a multifaceted phenomenon that consists of several …, distributional issues). Therefore, competition policy usually focuses on preventing non-merit paths to market power (merger control …The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in …

sign of scale economies, as claimed by the government. The policy implications of this are discussed.“Where monopoly rests …A state monopoly over a scarce natural resource under open access can arguably reduce the costs of supply by … constraining rent dissipation. A monopoly over the collection and trading of sand was formed in Hong Kong by legislation in 1935 in …

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of … inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative … method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost …

1. Monopoly -- 2. Simultaneous quantity competition -- 3. Simultaneous price competition -- 4. Sequential competition … -- 9. Incomplete information, signaling, and competition -- 10. Networks and switching costs. …-theoretic tools used in each type of exercise, so students can systematically apply them to other markets, forms of competition, or …