Epstein, Gil S.; Nitsan, Shemuʾel - 2002
In this paper we study the endogenous determination of monopoly price. Our proposed game of endogenous monopoly …-price setting extends the literature on monopoly-price, monopoly rent-seeking contests and monopoly rent-seeking rent …-avoidance contests by (i) determining the monopoly price such that it maximizes a composite utility function that depends on two …