Showing 1 - 10 of 223
This paper extends the traditional analysis of the output effect under monopoly (third- degree) price discrimination to … effect on total output. …
Persistent link: https://www.econbiz.de/10012144266
Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper, the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...
Persistent link: https://www.econbiz.de/10011341119
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … that the efficient solution can be implemented combining a tax on emissions and a subsidy on clean output. The tax is lower … 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/10014496051
cases, Cournot equilibrium output is below equilibrium output without this constraint because the constraint makes demand …
Persistent link: https://www.econbiz.de/10014496104
We illustrate conditions under which a trade platform selling its own products alongside third-party sellers benefits or harms consumers. This benefits consumers by lowering prices in a suite of models: a gatekeeper platform facing a competitive fringe of sellers, when fringe sellers also have...
Persistent link: https://www.econbiz.de/10013429071
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/10011599435
for which are monopoly power, where the consumer is locked in a bilateral credit relationship; discrimination through risk … bilateral monopoly. As a consequence, the Directive is found to be ineffective: it implicitly acknowledges usurious practices …
Persistent link: https://www.econbiz.de/10012507905
It is widely known that loss aversion leads individuals to dislike risk, and as has been argued by many researchers, in many instances this creates an incentive for firms to shield consumers and employees against economic risks. Complementing previous research, we show that consumer loss...
Persistent link: https://www.econbiz.de/10011599510
Since the late 1990s, natural gas has been the second most important source of energy in the European Union after oil. Current forecasts predict that the demand for natural gas will continue to rise over the long term. As the production of natural gas in the EU has already passed its peak and...
Persistent link: https://www.econbiz.de/10011601271
. Frequent buy-outs increased the monopoly power of companies involved. The Greek ferry system was a par excellence state …-regulated one since 1976, with State issuing licenses and determining fares, but failing to control quality. A measure of monopoly …-Cyclades. These show a distinct pattern of oligopoly/monopoly, with the traffic concentrated in a small group of companies. We argue …
Persistent link: https://www.econbiz.de/10010343104