We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To that end, we combine the decisions of the firm and of the shareholders in a very simple but robust model, with uncertainty in the real market and CARA preferences. We show the...

We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new quality improvements over time and can sell any available qualities, in any desired bundles, at each point in time. Consumers are identical and for a quality improvement to...

This article looks at the commonalities and disparities in the rules against single-firm market abuses in the US and in the EU and their enforcement. Despite they target the same type of business behaviour, the US and the EU have always followed divergent paths. This article will examine...

I provide a simple proof that a monopsony must necessarily be a monopoly. This is in contrast to authors who have previously asserted that either no relation exists between monopsony and monopoly, or who have relied upon additional assumptions to make an inference about monopolisitic nature of a...

In economics, market failure is a situation in which the allocation of goods and services is not efficient. Monopoly power and asymmetric information are amongst the major causes of market failure. We plan to identify if there is a market failure in the dietary market. The present study plans to...

Market power is the most important determinant of liability in competition law cases throughout the world. Yet fundamental questions on the relevance of market power are underanalyzed, if examined at all: When and why should we inquire into market power? How much should we require? Should market...

We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new quality improvements over time and can sell any available qualities, in any desired bundles, at each point in time. Consumers are identical and for a quality improvement to...

This paper was written in full recognition of the fact that there has been little or no systematic research on the relation of monopoly and competition to invention/innovation and knowledge management under conditions of periodical monopolistic/imperfect competition and offers a novel approach...

Complexity science is widely used across the policy spectrum but not in antitrust. This is unfortunate. Complexity science enables a rich understanding of competition beyond the simplistic descriptions of markets and firms proposed by neoclassical models and their contemporary neo-Brandeisian...

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the relative distribution of consumption and corporate equity...