allocations after the innovation has been discovered. In effect, patents reward inventors with inefficient monopoly power. However … patent monopoly, competitive firms may engage in inefficient levels of non-price competition -- such as marketing -- when …

Since bank deposits and currency are substitutes and banks have monopoly power, higher nominal interest rates lead to …

This paper examines the effects of auctioning quota licenses when monopoly power exists. With a foreign monopoly and …, as long as the quota is not too far from the free trade import level. In contrast, when there is a home monopoly and …

a natural monopoly market. We emphasize that subsidy competition between governments can serve to coordinate the entry …

on monopoly profits. Unless the social planner has access to a direct 100 percent tax on profits, he will always find it …

condemnation of this practice has been the court's belief in what has come to be known as the "leverage theory" of tying: that is …, that tying provides a mechanism whereby a firm with monopoly power in one market can use the leverage provided by this … power to foreclose sales in, and thereby monopolize, a second market. In recent years, however, the leverage theory has come …

This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions …. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly … monopoly position into a newly emerging market. The analysis focuses on the importance of entry costs and network externalities …