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the monopoly and from the welfare points of view. It is shown that in the two-type consumer case when the monopoly is …
Persistent link: https://www.econbiz.de/10014058904
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/10014061375
method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost …Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of … of our approach for antitrust law as well as how our methodology can be used in practice for allegations of monopoly …
Persistent link: https://www.econbiz.de/10014062997
We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative uncertainty in demand. The monopolist is uninformed because it does not know one of the parameters defining the distribution of the random demand. Observing prices reveals this...
Persistent link: https://www.econbiz.de/10014068523
The paper analyzes the price, output and welfare effects of third-degree price discrimination triggered by the portfolio motive of a risk-averse monopolist facing random and potentially correlated market demands. It is shown that contrary to conventional wisdom, price discrimination can occur...
Persistent link: https://www.econbiz.de/10014072262
surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like …, we discuss how much monopoly is unavoidable in premier-level European football and how its powers can be limited and …
Persistent link: https://www.econbiz.de/10014077981
customers, the resulting entry-deterring monopoly contract is a fixed fee and results in the socially optimal outcome. However …
Persistent link: https://www.econbiz.de/10014031167
When consumers' willingness-to-pay increases by a uniform amount, the change in the resulting monopoly price is …
Persistent link: https://www.econbiz.de/10014037898
We consider a heretofore unexplored explanation for why platforms, such as Internet service providers and mobile-phone networks, offer plans with download limits: through one of two mechanisms, doing so causes the providers of the content consumer purchase to either reduce their prices or...
Persistent link: https://www.econbiz.de/10014037930
This paper uses tools provided by lattice theory to describe the second-degree price discrimination problem faced by a …
Persistent link: https://www.econbiz.de/10014103016