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 …

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …

that the monopoly platform does not introduce distortions over and above those arising from the market power of the …

that the monopoly platform does not introduce distortions over and above those arising from the market power of the …

that the monopoly platform does not introduce distortions over and above those arising from the market power of the …

the monopoly and from the welfare points of view. It is shown that in the two-type consumer case when the monopoly is …