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good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …
Persistent link: https://www.econbiz.de/10012804859
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 …
Persistent link: https://www.econbiz.de/10012151937
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...
Persistent link: https://www.econbiz.de/10013326514
We provide a novel explanation for why manufacturers want to enforce a minimum resale price (min RPM) on retailers. A manufacturer sells her good via a multi-product retailer to final consumers by charging a linear wholesale price. The manufacturer then maximizes her profit through min RPM...
Persistent link: https://www.econbiz.de/10013328108
In this conceptual paper, I propose a framework for measuring the market power of digital platforms. The rise of big technology companies that act both as intermediary platforms and providers of services and goods in several markets has heightened concerns about potential economic harms brought...
Persistent link: https://www.econbiz.de/10012805993
make an optimal decision of price and output to maximize its profit and realize it. As a result, the text-book monopoly …Implicit in the text-book monopoly is an assumption of complete and instantaneous information or knowledge available to … economic agents goes too far. In reality the monopolist is boundedly rational and adjusts its price and output as a function of …
Persistent link: https://www.econbiz.de/10011505806
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
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
The geographical location of the Sud-Muntenia region and its relief ensure favorable natural conditions for vegetable crops, especially those in the cereals category, determining the predominantly agrarian character of the region, over 70% of the total area of the region is agricultural area....
Persistent link: https://www.econbiz.de/10012518256
Persistent link: https://www.econbiz.de/10013179299