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monopoly because each duopolist has a smaller market size than the monopolist. But social welfare in the monopoly is lower than … in the duopoly. In comparison with uniform pricing, two-part tariffs tend to have lower prices, more profits and welfare …
Persistent link: https://www.econbiz.de/10010541719
Weyl and Fabinger (2013) analyze the social incidence of competition and theoutput and welfare effects of third … socialincidence of competition and on the output and welfare effects of third-degree pricediscrimination in monopoly and oligopoly …
Persistent link: https://www.econbiz.de/10012848714
monopoly because each duopolist has a smaller market size than the monopolist. But social welfare in the monopoly is lower than … in the duopoly. In comparison with uniform pricing, two-part tariffs tend to have lower prices, more profits and welfare …
Persistent link: https://www.econbiz.de/10008867255
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
Consumers heterogeneously possess limited price information: captive consumers may know only one price from a seller, while informed consumers know several prices. We study a homogeneous-good oligopoly where sellers of heterogeneous costs compete on price for heterogeneously limit-informed...
Persistent link: https://www.econbiz.de/10014255371
We consider an oligopolistic market where firms compete in price and quality and where consumers have heterogeneous information: some consumers know both the prices, and quality of the products offered, some know only the prices, and some know neither. We show that if there are sufficiently many...
Persistent link: https://www.econbiz.de/10010573668
least as much variety. Hence, in the situation considered here, monopoly tends to increase welfare. …
Persistent link: https://www.econbiz.de/10005136540
This paper extends the traditional analysis of the output effect under monopoly (third-degree) price discrimination to a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure, measured by the number of firms, across markets are...
Persistent link: https://www.econbiz.de/10012102737
This paper extends the traditional analysis of the output effect under monopoly (third- degree) price discrimination to a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure, measured by the number of firms, across markets are...
Persistent link: https://www.econbiz.de/10012139178
We analyze the effect of price caps on equilibrium production and welfare in oligopoly under demand uncertainty. We … find that high price caps always increase production and welfare as compared to the situation without price cap. Price caps … competition, price caps …
Persistent link: https://www.econbiz.de/10003894585