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monopoly, analysing questions of introductory pricing and quantity rationing. The model suggests that neither of these two … instruments is able to explain why we see so much free software in the markets. -- software monopoly ; lagged network externality …
Persistent link: https://www.econbiz.de/10009725487
We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits...
Persistent link: https://www.econbiz.de/10011489927
We study optimal experimentation by a monopolistic platform in a two-sided mar- ket. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10011490256
the intensity of network effects, and that a discriminating monopoly may supply large quantities for all consumers than a …
Persistent link: https://www.econbiz.de/10011560594
addition, the paper finds that it is feasible in the monopoly optimum that the bundle for low-demand agents is more expensive …
Persistent link: https://www.econbiz.de/10010487752
This paper investigates the influence of monetary policy on the optimal behavior of a monopolistic bank. More specifically, we discuss how the overdraft rate and the minimum reserve requirements affect the equilibrium values of lending rate and deposit rate as well as the corresponding...
Persistent link: https://www.econbiz.de/10009782807
Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...
Persistent link: https://www.econbiz.de/10011295710
Economy is among us everywhere. Monopoly is one of the key elements of it. The aim of this article is to highlight and … describe the advantages and disadvantages that a monopoly situation has. The most interesting part of the article refers to the … advantages of the monopoly, things that many people don't imagine and know about …
Persistent link: https://www.econbiz.de/10013128416
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …
Persistent link: https://www.econbiz.de/10013093809
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …
Persistent link: https://www.econbiz.de/10013071968