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monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10013071968
This study constructs a model of anticompetitive exclusive-offer competition between two existing upstream firms. Under exclusive-offer competition, the upstream firm's profit depends on the rival's exclusive offer. If the rival makes an exclusive offer acceptable for the downstream firm, the...
Persistent link: https://www.econbiz.de/10012926190
Persistent link: https://www.econbiz.de/10013158849
This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically advanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012843497
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/10012723743
The question of market definition for monopolization cases - and thus the issue of the possession of market power by the defendant - is crucial for the outcome of these cases. However, unlike antitrust merger analysis, where the DOJ-FTC Horizontal Merger Guidelines has provided a successful...
Persistent link: https://www.econbiz.de/10012727324
relative to A. Hence, absent strong antitrust or intellectual property protections, the A firm can leverage its monopoly into B … substitute for Netscape; in our model, this maximizes Microsoft's joint monopoly profits. Furthermore, Microsoft has no incentive … complementary products, which suggests that a monopoly internet service provider will offer net neutrality.There are other means for …
Persistent link: https://www.econbiz.de/10012732764
monopoly position in one market via tying even when it does not have market power in another market. This is shown on a model …
Persistent link: https://www.econbiz.de/10012735813
this points to online platforms facing sleepless nights since any online platform that tries the quiet life of monopoly …
Persistent link: https://www.econbiz.de/10012951065
I provide a simple proof that a monopsony must necessarily be a monopoly. This is in contrast to authors who have … previously asserted that either no relation exists between monopsony and monopoly, or who have relied upon additional assumptions …
Persistent link: https://www.econbiz.de/10012955779