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the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … market entries to discipline the behavior of powerful incumbents on monopoly or dominance markets. Recently, contestability …
Persistent link: https://www.econbiz.de/10014536299
Persistent link: https://www.econbiz.de/10003947922
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We construct a two-period model of the supply chain's openness in a durable goods market by introducing two marketing … downstream monopolist choose one of the trading modes: (i) a two-period exclusive supply chain or (ii) an open supply chain … monopolist always chooses the open supply chain in the leasing mode, although the exclusive supply chain is attainable in the …
Persistent link: https://www.econbiz.de/10012494039
We explore the supply chain problem of a downstream durable goods monopolist, who chooses one of the following trading … modes: an exclusive supply chain with an incumbent supplier or an open supply chain, allowing the monopolist to trade with a …’ joint profits. In equilibrium, the downstream monopolist chooses the exclusive supply chain to escape further price …
Persistent link: https://www.econbiz.de/10012488661
level of durability; 2) a monopoly or explicit cartel is welfare superior to an implicit cartel; 3) welfare is non …
Persistent link: https://www.econbiz.de/10010343926
There is a raging debate within antitrust to determine how to best assess the conduct of digital platforms and tailor the enforcement of antitrust laws to the modern economy. The distinguishing features of digital platforms can make their analysis quite different from conventional, single-sided...
Persistent link: https://www.econbiz.de/10013288880
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Markets for durable goods constitute an important part of the economy. In this paper I first briefly review the microeconomic theory literature on durable-goods markets, focusing mostly on the last ten years. I then discuss a number of my own recent analyses concerning optimal antitrust policy...
Persistent link: https://www.econbiz.de/10002519999
Markets for durable goods constitute an important part of the economy. In this paper I first briefly review the microeconomic theory literature on durable-goods markets, focusing mostly on the last ten years. I then discuss a number of my own recent analyses concerning optimal antitrust policy...
Persistent link: https://www.econbiz.de/10013318934