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We develop a model of inter-temporal and intra-temporal price discrimination by airlines to study the ability of different discriminatory mechanisms to remove sources of inefficiency and the associated distributional implications. To estimate the model's multi-dimensional distribution of...
Persistent link: https://www.econbiz.de/10012907654
We document the existence of pricing styles in the concert industry. Artists differ in the extent to which they rely on second- and third-degree price discrimination, and in the probability of their concerts selling out. Most strikingly, artists who use multiple seating categories are more...
Persistent link: https://www.econbiz.de/10014025401
devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …
Persistent link: https://www.econbiz.de/10014073586
der Preisdifferenzierung zu sehen. Das Ausmaß an Preisdispersion kann aber nicht losgelöst von den vorherrschenden …
Persistent link: https://www.econbiz.de/10009230240
empirical link of IT with monopoly power. Step 3 is theoretical, explaining why theory shows we should expect these results, by … growth, since rising waves of technical progress cause rising monopoly power. We test it by showing that, since the 1970's …, information technology (in short IT) has caused rising monopoly power, which explains rising inequality, slow growth of wages and …
Persistent link: https://www.econbiz.de/10012933290
This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the … oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a …' monopoly power rises. A general equilibrium model suggests that higher monopoly profits attract investments in oil producing …
Persistent link: https://www.econbiz.de/10014118702
The effects of mergers on the media marketplace have historically failed to live up to dire predictions. Mergers are often a response to technological upheaval and turbulence in the media industry and firms should be allowed to experiment with such alternative business models with the intent on...
Persistent link: https://www.econbiz.de/10013070497
and the steel industry, we argue that bilateral monopoly is an adequate framework to deal with the iron and steel market …
Persistent link: https://www.econbiz.de/10014060280
theory and the New Deal experience with partial repeal of the antitrust laws and cartelization of labor to examine the … interventionist and pro-consumer standard would, she said, combat the downturn and encourage recovery. Both macroeconomic theory and …
Persistent link: https://www.econbiz.de/10014168446
Persistent link: https://www.econbiz.de/10012631726