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We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic …
Persistent link: https://www.econbiz.de/10013139927
In a common commercial pattern, the seller of a standard product contracts with one buyer and then sells to another at the contract price after the initial buyer breaches. Sellers argue, and courts largely agree, that the seller could have served the contract buyer as well as the later buyer;...
Persistent link: https://www.econbiz.de/10014055502
Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which … give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising … from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …
Persistent link: https://www.econbiz.de/10011346476
We model the regulation of irreversible capacity expansion by a firm with private information about capacity costs …
Persistent link: https://www.econbiz.de/10014114923
. Both sectors will be at least partly vertically disintegrated, with the aim of creating competition in the "upstream … role of the Ministry for Antimonopoly Policy in reform, both in the past as an "advocate for competition" within the …
Persistent link: https://www.econbiz.de/10014075403
We study the regulation of a monopolistic firm that provides a non-marketed output based on multiple substitutable … costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the … non-Bayesian regulation can indeed get close to the second best of the Bayesian menu of contracts regulation. …
Persistent link: https://www.econbiz.de/10011442703
European mobile communication markets are two-stage markets which are composed of the infrastructure (the network and … its components) and the service markets (telephony, mobile internet, SMS). In contrast to most other network-based markets … there are multiple fully integrated providers which keep their own network and offer services on their network. Following …
Persistent link: https://www.econbiz.de/10014200074
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second...
Persistent link: https://www.econbiz.de/10010263051
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315554
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563