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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...
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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 …
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This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …
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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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to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent …
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