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Este documento analiza a la luz de una situación monopólica, el efecto sobre el bienestar de los consumidores derivado de cambios en la magnitud de la elasticidad precio de la demanda. En el artículo se asume una función de demanda con elasticidad precio de la demanda constante y...
Persistent link: https://www.econbiz.de/10011114048
The objective of this paper is to assess the adequacy of multilateral rules dealing with monopolies and state enterprises, particularly in the domain of services. This paper argues that since these rules depend largely on the other obligations undertaken by Members, a variety of exemptions and...
Persistent link: https://www.econbiz.de/10011115075
One of the main pillars in ensuring the development of a sustainable and competitive market economy is the fair and honest competition. The institutionalization process of competition in the Republic of Moldova has started after the independence and reform of all spheres of economic and social...
Persistent link: https://www.econbiz.de/10011161672
Demand for oil is very price inelastic.  Facing such demand, an extractive cartell induces the highest price that does not destroy its demand, unlike the conventional Hotelling analysis: the cartel tolerates ordinary substitutes to its oil but deters high-potential ones.  Limit-pricing...
Persistent link: https://www.econbiz.de/10011164415
increases the total surplus compared to the fully private optimum at which the monopoly platform imposes positive fees on …
Persistent link: https://www.econbiz.de/10011056742
Neoclassical economics has two theories of competition between profit-maximizing firms—Marshallian and Cournot–Nash—that start from different premises about the degree of strategic interaction between firms, yet reach the same result, that market price falls as the number of firms in an...
Persistent link: https://www.econbiz.de/10011063597
Naked market division, price fixing agreements and mergers which result in dominant positions have long been opposed by the courts and the government because of the high likelihood that they will result in a reduction in output and an increase in price. We show that the opposite may be true if...
Persistent link: https://www.econbiz.de/10005268634
establish such a producer monopoly. The victims of such a monopolistic cartel, besides future generations of consumers, are the … has been induced by current generations of buyers to supply sufficient excess capacity to efficiently accommodate their …
Persistent link: https://www.econbiz.de/10005268659
This paper gives a revised theory of monopoly, on the assumption that the monopolist receives political favours in … exchange for extending political support. In one case, the monopoly profit just equals the value of the monopoly's contribution … to the government's support. Monopoly output may be higher or lower than the output associated with marginal-cost pricing …
Persistent link: https://www.econbiz.de/10005272986
a junior-level financial reporting issues course. The curriculum involved using the board game Monopoly as a teaching …
Persistent link: https://www.econbiz.de/10005278858