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Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of … method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost … of our approach for antitrust law as well as how our methodology can be used in practice for allegations of monopoly …
Persistent link: https://www.econbiz.de/10014062997
An applied general equilibrium analysis of monopoly power is proposed as an alternative to the partial equilibrium … analyses of monopoly pricing current in antitrust economics. This analysis introduces a new notion of market equilibrium where … firms with monopoly power are cost-minimizing price-takers in competitive factor markets and make supracompetitive profits …
Persistent link: https://www.econbiz.de/10014069945
This paper studies monopolistic third-degree price discrimination incorporating consumers' fairness concerns: Discriminatory pricing antagonizes consumers and may reduce their demand. In contrast to previous studies, we show that consumers' concerns about price inequity may deter discriminatory...
Persistent link: https://www.econbiz.de/10013089954
We compare second-degree price discrimination with uniform pricing using two linear demands. Our comparison shows that second-degree price discrimination can result in a welfare-enhancing market foreclosure (both markets are served under uniform pricing but one of them is excluded under...
Persistent link: https://www.econbiz.de/10012897081
We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on...
Persistent link: https://www.econbiz.de/10014343799
We study the multiproduct monopoly profit maximisation problem for a seller who can commit to a dynamic pricing …
Persistent link: https://www.econbiz.de/10012936871
discusses the effects of price discrimination on monopoly profit, consumer surplus, and social welfare. In addition, using a …-discriminating monopoly, corresponding to its aggregated marginal revenue curve, is derived. The curve is non-linear and lies above the … aggregated demand curve of simple monopoly. The results of this paper may be used to explain to students the effects of third …
Persistent link: https://www.econbiz.de/10014089315
Persistent link: https://www.econbiz.de/10011977613
Persistent link: https://www.econbiz.de/10012847398
Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of … method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost … of our approach for antitrust law as well as how our methodology can be used in practice for allegations of monopoly …
Persistent link: https://www.econbiz.de/10014179260