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This paper studies the pricing incentives of a monopolist constrained by a revenue cap endogenously determined by her costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in Germany. We show that the revenue cap may incentivize...
Persistent link: https://www.econbiz.de/10014470709
This paper characterizes the power dynamics of firms in both product and labor markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. Interestingly, we unveil that...
Persistent link: https://www.econbiz.de/10014452325
1. Monopoly -- 2. Simultaneous quantity competition -- 3. Simultaneous price competition -- 4. Sequential competition … detailed answer keys. While most textbooks on industrial organization focus on theory and empirical findings, this textbook … different models of firm behavior and interaction; starting with monopoly and moving through the Cournot model of simultaneous …
Persistent link: https://www.econbiz.de/10014435552
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …
Persistent link: https://www.econbiz.de/10013503368
surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like …, we discuss how much monopoly is unavoidable in premier-level European football and how its powers can be limited and …
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We apply a monopoly trade union model and analyze employment, wage and budgetary effects of (i) an inflow of migrant …
Persistent link: https://www.econbiz.de/10010308294
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