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result that there is only one monopoly profit and thus there is no gain from bundling. This folk theorem relies on some … consumption levels, then it is generally the case that a firm can extend a monopoly from A into a competitive B market. While it … firm offers to scale back its monopoly price in return for getting a price premium in a second market. The reduction in …
Persistent link: https://www.econbiz.de/10014028966
Complexity science is widely used across the policy spectrum but not in antitrust. This is unfortunate. Complexity science enables a rich understanding of competition beyond the simplistic descriptions of markets and firms proposed by neoclassical models and their contemporary neo-Brandeisian...
Persistent link: https://www.econbiz.de/10013296286
We study insurers’ behavior under monopoly and Cournot duopoly when they canaffect the probability or magnitude of harm … demandfunction determine whether Cournot duopolists increase risk more, or less, thana monopoly insurer or a collusive industry. When …
Persistent link: https://www.econbiz.de/10013297973
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10013149368
We provide a framework for analyzing two-sided markets that allows for different degrees of product differentiation on each side of the market. When platforms are viewed as homogenous by sellers but heterogeneous by buyers, we show that competitive bottlenecks arise endogenously. In equilibrium,...
Persistent link: https://www.econbiz.de/10014067330
Pricing of Internet access has been characterized by two properties: Parties are directly billed only by the Internet service provider (ISP) through which they connect to the Internet. Pricing, moreover, is not contingent on the type of content being transmitted. These properties define a regime...
Persistent link: https://www.econbiz.de/10014188272
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10014189876
complement is a duopoly, whereas the other is a monopoly. In such framework, when products are highly di¤erentiated, the low …
Persistent link: https://www.econbiz.de/10014207353
capacities can be larger or smaller with a duopoly than with a monopoly. If the two firms co-ordinate on a pareto dominant …
Persistent link: https://www.econbiz.de/10005772941
This paper presents simple conditions for monopoly third-degree price discrimination to have negative or positive …
Persistent link: https://www.econbiz.de/10008471792