We analyze a model of multi-period monopoly in durable goods. Taking into consideration the special conditions of software markets, we assume that there are no used software markets and that manufacturers stop selling older software when they introduce a replacement model. We show that nominal...

A monopolist firm sells a single product to a market where the customers may be enticed to accept a delay in when their orders are shipped. The enticement is a discounted price for the product. The market consists of several segments with different degrees of aversion to delays. The firm offers...

Our results seem to provide substantial evidence that joint operating agreement's (JOA) act as constrained rather than unconstrained monopolists in setting ad rates and circulation levels. The constraint of having to produce two dailies binds tightly enough to yield JOA CPM's that are much...

A simple and informative measure of the degree of monopoly power (DMP) that a manufacturing firm of industry enjoys is the ratio of the value added in its output to the labour cost of producing the output. This paper has established that the degree of monopoly power in the U.S. manufacturing...

The purpose on this paper is twofold. First, we present an alternative model of agglomeration and trade that displays the main features of the recent economic geography literature while allowing for the derivation of analytical results by means of simple algebra. Second, we show how this...

Цель исследования состоит в объяснении траекторий институциональных изменений. Оно фокусируется на общественных отношениях в собственности и рынка земли в...