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This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices before they buy electricity in the wholesale...
Persistent link: https://www.econbiz.de/10012142389
capacities can be larger or smaller with a duopoly than with a monopoly. If the two firms co-ordinate on a pareto dominant …
Persistent link: https://www.econbiz.de/10010278102
capacities can be larger or smaller with a duopoly than with a monopoly. If the two firms co-ordinate on a pareto dominant …
Persistent link: https://www.econbiz.de/10005772941
this points to online platforms facing sleepless nights since any online platform that tries the quiet life of monopoly …
Persistent link: https://www.econbiz.de/10012951065
relative to A. Hence, absent strong antitrust or intellectual property protections, the A firm can leverage its monopoly into B … substitute for Netscape; in our model, this maximizes Microsoft's joint monopoly profits. Furthermore, Microsoft has no incentive … complementary products, which suggests that a monopoly internet service provider will offer net neutrality.There are other means for …
Persistent link: https://www.econbiz.de/10012732764
This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices before they buy electricity in the wholesale...
Persistent link: https://www.econbiz.de/10012023903
likely are entry restrictions, whereas a greater relevance of firms makes a monopoly more probable. The nature of entry … heterogeneous concerning costs and the timing of output choices. …
Persistent link: https://www.econbiz.de/10013257050
This note compares monopoly equilibrium outcomes with those of duopoly when firms price their products with two … entry fee under certain market conditions. In turn, monopoly is likely to result in greater aggregate consumer surplus, net …
Persistent link: https://www.econbiz.de/10014054902
surrounding antitrust proceedings revive the academic discussion about the monopoly power of sport-internal governing bodies (like …, we discuss how much monopoly is unavoidable in premier-level European football and how its powers can be limited and …
Persistent link: https://www.econbiz.de/10013367751
crowds out local variety. Under local monopoly, local buyer surplus co-moves with external buyer surplus. Under local free … surplus is better provided by local monopoly. …
Persistent link: https://www.econbiz.de/10012026420