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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...
Persistent link: https://www.econbiz.de/10005200406
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 …
Persistent link: https://www.econbiz.de/10009455101
Business-to-business relationships within sustained monopolies, such as those within Defence Procurement, have received …
Persistent link: https://www.econbiz.de/10009463031
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...
Persistent link: https://www.econbiz.de/10009475569
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 …
Persistent link: https://www.econbiz.de/10012491308
Librarians are asked to downsize, economize and streamline, while they are also, simultaneously, expected to provide the fastest, latest and most expensive hardware and software so as to make the information marketplace accessible to their patrons. What most librarians have not realized,...
Persistent link: https://www.econbiz.de/10014686406
Gives the background to, and describes, the suit filed against Microsoft by the US Department of Justice in October 1997. For those such as librarians, dealing with the requirements of information technology, argues that this case is important because it demonstrates the high stakes inherent in...
Persistent link: https://www.econbiz.de/10014686414
Disputes Bagwell’s (1991) proposition that export subsidies are welfare enhancing under certain conditions, claiming that it can be generalized do domestic and non‐monopolistic situations and, established products, and that it should take into account externalities, economic welfare, the...
Persistent link: https://www.econbiz.de/10014692751