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-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly … power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different …
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devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …
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This article captures the effects of secondary markets on the durable goods with game theory technology. Firstly, under … monopoly in production, secondary markets both improve the producer's profits and extend the market size. Secondly, to improve …
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