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Persistent link: https://www.econbiz.de/10002494474
In this paper Coase's Conjecture is analyzed in a finite-horizon formulation. In addition to utility discounting models decreasing-willingness-to-pay models are analyzed. We find that in contrast to Coase's Conjecture a monopolist may extract full monopoly profit in the finite-horizon problem...
Persistent link: https://www.econbiz.de/10014061375