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We analyse retailer and household behaviour on the Norwegian electricity market, based on detailed information on prices and other market characteristics. We find that there exists a competitive market segment where a number of retailers compete fiercely for customers, with small margins on all...
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extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
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experience goods, either in a monopoly or an industry with competing firms. We show that reputation can be leveraged across … products, but only by a firm with a monopoly on at least one product. Such a firm, however, may be able to capture the market … for a competitive product by using umbrella pricing to make higher quality more credible than for firms without a monopoly …
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two problems that look superficially similar, double marginalization and the two-monopoly complements externality …
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Standard economics provides a well-understood framework of the competitive determinants of market prices that is now widely accepted for antitrust analysis. In “two-sidedmarkets,” where firms supply products demanded by two interrelated groups of consumers, these competitive forces operate...
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