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century. One of the main theoretical and applied debates which is still an issue today concerns natural monopolies. Railroads … provision of railroads and transportation.Walras's point of view was developed with twofold argument of theoretical and a moral … economy. The case made in favor of the State intervention on Railroads industry considers altruistic motivations of human …
Persistent link: https://www.econbiz.de/10013143612
"monopoly price-gap", with monopoly and monopsony prices as two features of the same phenomenon …
Persistent link: https://www.econbiz.de/10012956999
The purpose of this article is to show that there is a gap in the literature on the sources of monopoly power. It looks … competition and monopoly before 1930s; 4. Italian marginalists used a kind of theory of strategic competition, which was an …
Persistent link: https://www.econbiz.de/10014206598
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/10011612861
This article examines and critiques the distinction that courts currently draw under Section 2 of the Sherman Act between quot;competition on the merits,quot; on the one hand, and contractual exclusion, on the other. The article finds the source of this distinction in neoclassical price theory,...
Persistent link: https://www.econbiz.de/10012773842
monopoly model. Yet, it is worth wondering why the most cited paper on this issue is nowadays Spengler (1950) which contains …
Persistent link: https://www.econbiz.de/10012801572
strike a deal, buyer and seller are protected by competition. Yet thereafter they find themselves in a bilateral monopoly …
Persistent link: https://www.econbiz.de/10012306406
Ludwig von Mises and Murray Rothbard tended to emphasize the same requirement for a monopoly price to emerge, as far as … regard to the question of the limits to monopoly pricing. The inelasticity of demand criterion of both authors left less room … for monopoly prices in their theoretical constructs of a hampered market economy than there really is. If one wants to …
Persistent link: https://www.econbiz.de/10013018419
Persistent link: https://www.econbiz.de/10001669826
A principal, who wants prices to be as lowas possible, contracts with agents who would like to charge the monopoly …
Persistent link: https://www.econbiz.de/10014118913