Showing 101 - 110 of 28,106
The European Court of Justice’s definition of when a firm has a dominant position <p> has recently come under attack as being meaningless and impossible to measure. We argue that <p> both attacks are wrong, suggest an economic interpretation of domination and propose how it may <p> be measured using...</p></p></p>
Persistent link: https://www.econbiz.de/10005645239
time consistent output and pricing policies yield di®erent market outcomes. Policy selection determines the strategic …
Persistent link: https://www.econbiz.de/10005748138
price discrimination. However, if monopoly power is "short lived" (for example due to copying), we show that, depending on …
Persistent link: https://www.econbiz.de/10005561432
This paper considers price determination by monopolistic sellers who know the distribution of valuations among the potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings, this condition is easy to interpret, and it is valid...
Persistent link: https://www.econbiz.de/10005789129
We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new …
Persistent link: https://www.econbiz.de/10008549037
intensity of preference for quality and their income, we study the optimal strategy of a natural monopoly : how many qualities … to produce ? Which qualities should be produced? What prices have to be set to maximize the monopoly profit? Considering … costless production, the monopoly optimal strategies are such that the consumers with the same income buy the same quality. The …
Persistent link: https://www.econbiz.de/10005696804
A monopolist supplies a homogenous good to two geographically separated markets. Production costs and demand conditions are di?erent in each market. A line with a limited transport capacity connects both markets. The paper compares two institutional frameworks: (1) exclusive access to the line...
Persistent link: https://www.econbiz.de/10005698129
monopoly profit in the finite-horizon problem under certain conditions; in fact, the monopolist does not have any reason to … as possible, which makes him sacrifice a part of his one-shot monopoly profit to attract traders to buy. …
Persistent link: https://www.econbiz.de/10005146531
This paper derives and evaluates the decisions of a durable good monopolist in a context where demand for the services of the durable good changes over time. It shows that, if the size of the market decreases over time, social welfare may be higher when the monopolist has commitment ability than...
Persistent link: https://www.econbiz.de/10005187603
We provide an example of a monopoly with Pigouvian second-degree price discrimination where unit taxes are Pareto …
Persistent link: https://www.econbiz.de/10010612042