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This paper finds an optimal mechanism for selling an indivisible good to consumers who may be budget-constrained. Unlike the case where buyers are not budget constrained, a single posted price is not typically optimal. An optimal mechanism generally consists of a continuum of lotteries indexed...
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. Our model captures three conflicting effects: (1) economies of scale in the production of news lead to monopolies on …
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Recently, the Federal Trade Commission (FTC) has accused breakfast cereal manufacturers of illegal monopolization (1971).A major basis for the charge is the FTC belief that high advertising expenditures by the companies create effective entry barriers. One FTC study (1969) reached this...
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respectively: commercial space, channel space, consumption space, community space, cultural space, career space, and communication … development of the concept of monopoly and business dominance for knowledge-based, consumption focussed and networked societies …
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Business-to-business relationships within sustained monopolies, such as those within Defence Procurement, have received …
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Monopolies can have a great impact on economic efficiency and therefore on the market. Thus, states try to avoid either … the existence of monopolies or their impacts on the markets. This case study aims at a real case of Google, that has been … sued by the European Union for its unlawful behavior. It is important to understand, how monopolies work and how the …
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