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Credence goods markets, such as those for car repairs and medical treatments, are generally characterized by an ex-ante and ex-post information asymmetry between the uninformed buyer and the informed seller. Previous literature demonstrates that efficiency and fraud in a monopolist credence...
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This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth …
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in most cases, they organized as natural monopoly markets. This article examines the three variants for the formation of … prices for household consumers on monopoly district heating market: market equilibrium of supply and demand for heat energy … classical model of monopoly market. The model was applied to conduct the studies on a heat supply system with three heat sources. …
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rents are not so obvious. This paper addresses the monopolistic/monopsony aspect of the internet giants. In the singlesided … market, monopoly pricing is well defined - as well as tests for predatory behavior; not so with multisided markets. Since the … markets for their potential for determining consumers' harm and welfare effects, as well as defining monopoly and predatory …
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We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...
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In this paper we present a spatial nonparametric analysis of local multipliers. Following Moretti (2010), we estimate the effect of an exogenous shock in the employment of the tradable sector on the employment in either the nontradable sector or the rest of the tradable sector using a...
Persistent link: https://www.econbiz.de/10011527326