We analyze monopoly power in a market for a complementary fossil resource like oil in a two country/two period model …

An applied general equilibrium analysis of monopoly power is proposed as an alternative to the partial equilibrium … analyses of monopoly pricing current in antitrust economics. This analysis introduces a new notion of market equilibrium where … firms with monopoly power are cost-minimizing price-takers in competitive factor markets and make supracompetitive profits …

market power is a cornerstone of competition law regimes worldwide. Yet notwithstanding the social costs of monopoly modern …." Importantly, anticompetitive conduct can take place both on the road to monopoly and, later on, once substantial market power has …

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …

The purpose of this paper is to outline a consistent microeconomic theory of the firm based on the concept of monopoly … power. It builds on the heritage of Post Keynesian authors, Robinson, Kaldor, and Kalecki, but literally extends the theory … in several directions. First, monopoly power is defined formally in terms of substitution. In this way, monopoly power is …

devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …

This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the … oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a …' monopoly power rises. A general equilibrium model suggests that higher monopoly profits attract investments in oil producing …