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In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random …
Persistent link: https://www.econbiz.de/10014171780
Multiemployer collective bargaining relationships between unions and employer associations easily devolve into legalized cartels. Once unions establish themselves as the bargaining representative for employers’ employees, the employers have much to gain from banding together as an association,...
Persistent link: https://www.econbiz.de/10014200477
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
structure. From situations where standard competition may be possible, they shift the market towards monopoly, betting on their … hazards of excessively zealous regulation concludes …
Persistent link: https://www.econbiz.de/10014206793
the optimal path for price and advertisement depends on the price elasticity of demand and the duration of monopoly life …
Persistent link: https://www.econbiz.de/10010791403
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10008674339
monopoly because each duopolist has a smaller market size than the monopolist. But social welfare in the monopoly is lower than …
Persistent link: https://www.econbiz.de/10008867255
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/10008876408
equilibrium. We first study the behavior of the monopoly when price conveys information about quality. We then show the effect of …
Persistent link: https://www.econbiz.de/10008876409
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011373911