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to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent …
Persistent link: https://www.econbiz.de/10010369246
-shape in the success probability. Since even at the peak entry is rather unlikely, the persistence of the monopoly is high …. -- Persistence of Monopoly ; Efficiency Effect ; Replacement Effect ; Stochastic Innovations …
Persistent link: https://www.econbiz.de/10003862312
. -- dominant firm ; monopoly with fringe ; sequential moves …
Persistent link: https://www.econbiz.de/10008664501
courts' underlying economic paradigm regarding the assessment of monopoly power in 'New Economy Network Markets' was strongly … Microsoft's monopoly as it was claimed by the courts within their 'applications barrier to entry' theory. I claim that current …
Persistent link: https://www.econbiz.de/10003958724
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share … presence of human buyers constrains the pricing behavior of a monopolist. -- tax incidence ; monopoly ; Bertrand competition …
Persistent link: https://www.econbiz.de/10003923092
We analyze third degree price discrimination by an upstream monopolist to a continuum of heterogeneous downstream firms. The novelty of our approach is to recognize that customizing prices may be costly. As a consequence, partial price discrimination arises in equilibrium; in particular,we...
Persistent link: https://www.econbiz.de/10009355557
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10009381848
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10011401020
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10010518802
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10011374421