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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 …
Persistent link: https://www.econbiz.de/10012431895
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
bunching occurs, the bunching interval is necessarily smaller. Additionally, under certain conditions the monopoly solution may … even achieve the ?rst best (i.e., production ef?ciency). We also demonstrate that the optimal monopoly so- lutions can be …
Persistent link: https://www.econbiz.de/10011704747
Persistent link: https://www.econbiz.de/10012167263
Persistent link: https://www.econbiz.de/10001659153
This paper investigates the influence of monetary policy on the optimal behavior of a monopolistic bank. More specifically, we discuss how the overdraft rate and the minimum reserve requirements affect the equilibrium values of lending rate and deposit rate as well as the corresponding...
Persistent link: https://www.econbiz.de/10009782807
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … the regulator and the monopoly with the regulator acting as the leader of the game. We find that the second-best tax rate …
Persistent link: https://www.econbiz.de/10012589030
This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to … deliver its good after receiving payment. The monopoly may be induced to deliver the good if consumers expect that the … monopoly will not deliver in the future if it does not deliver today. If the good is non-durable and consumers are anonymous …
Persistent link: https://www.econbiz.de/10011695228
, it later “tips” to monopoly, after which entry is hard, often even too hard given incompatibility. And while switching …
Persistent link: https://www.econbiz.de/10014024585
begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter …
Persistent link: https://www.econbiz.de/10014024589