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-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
complement is a duopoly, whereas the other is a monopoly. In such framework, when products are highly di¤erentiated, the low …
Persistent link: https://www.econbiz.de/10014207353
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
monopoly that sells access to independent downstream firms. Our results reconciliate a set of seemingly contradictory findings … of the literature. We show that unless the monopoly's subsidiary is implausible more efficient than the independent firms … subsidiary's size and the intensity of economies of scope but if the monopoly optimally excludes rivals then intensity of …
Persistent link: https://www.econbiz.de/10012706734
Platforms often use fee discrimination within their marketplace (e.g., Amazon, eBay, and Uber specify a variety of merchant fees). To better understand the impact of marketplace fee discrimination, we develop a model that allows us to determine equilibrium fee and category decisions that depend...
Persistent link: https://www.econbiz.de/10012692299
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
The reluctance of antitrust to condemn parallel exclusion permits oligopolies to be entrenched. This is because parallel exclusion — multiple-firm conduct that inhibits market entrants — cannot satisfy the current strictures of monopolization, which is understood to prohibit single-firm...
Persistent link: https://www.econbiz.de/10012994512
The paper explores the role of R&D investments reducing fixed production costs in entry deterrence. An incumbent monopolist and a potential entrant can perform R&D to reduce their fixed production costs, with bidirectional and asymmetric technological spillovers. It is shown that deterrence,...
Persistent link: https://www.econbiz.de/10012999158
This article provides a systematic analysis of the welfare effects of vertical integration by a monopolist input supplier into a monopolistically competitive downstream industry. We give sufficient conditions on consumer preferences that lead to Pareto-improving vertical integration and...
Persistent link: https://www.econbiz.de/10014182907
that naked exclusion is, in theory, a potentially viable threat to efficient competition. Also striking from an antitrust … perspective, however, is the lack of fit between this theory and the cases in which the United States Supreme Court has forged the …, clearly violate the assumptions of the naked exclusion theory, as we explain in Rasmusen, Ramseyer and Wiley (1998). Two …
Persistent link: https://www.econbiz.de/10014188452