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-quality menus to segment the market. We show that, contrary to the Coase conjecture for the homogeneous durable good monopoly …
Persistent link: https://www.econbiz.de/10013324224
our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for … literature. As a result, prices of drugs sold by a monopoly treating rare serious diseases are doomed to go sky high. …
Persistent link: https://www.econbiz.de/10012416335
This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to … deliver its good after receiving payment. The monopoly may be induced to deliver the good if consumers expect that the … monopoly will not deliver in the future if it does not deliver today. If the good is non-durable and consumers are anonymous …
Persistent link: https://www.econbiz.de/10011695228
This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices before they buy electricity in the wholesale...
Persistent link: https://www.econbiz.de/10012023903
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … calculated solving a two-stage policy game between the regulator and the monopoly with the regulator acting as the leader of the … output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …
Persistent link: https://www.econbiz.de/10012028355
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
The interpretation of the loss of utility as transport costs in address models of differentiation poses a methodological difficulty. Transport costs implicitly amounts to assume that there is a good neither included in the differentiated sector nor in the composite (numeraire) good of the...
Persistent link: https://www.econbiz.de/10010851474
This paper examines the possibility of emergence of incentive equilibrium in the case of monopoly, without relying on …
Persistent link: https://www.econbiz.de/10010860140
Applying a standard model of endogenous quality choice to the case of multiple national markets (i.e., a developed and a less developed country), we consider the effect of an economic integration (i.e., a movement from segmented markets into a single integrated market through the removal of...
Persistent link: https://www.econbiz.de/10010902091
The welfare and output effects of monopoly third-degree price discrimination are analyzed when inverse demand functions …
Persistent link: https://www.econbiz.de/10011004395