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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. …
Persistent link: https://www.econbiz.de/10012179329
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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This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth …
Persistent link: https://www.econbiz.de/10012268409
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...
Persistent link: https://www.econbiz.de/10012286246
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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Implicit in the text-book monopoly is an assumption of complete and instantaneous information or knowledge available to … make an optimal decision of price and output to maximize its profit and realize it. As a result, the text-book monopoly … develop a dynamic monopoly model. In particular, we assume first that the monopolist has only partial information about the …
Persistent link: https://www.econbiz.de/10011505806