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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it …
Persistent link: https://www.econbiz.de/10011409970
distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … market entries to discipline the behavior of powerful incumbents on monopoly or dominance markets. Recently, contestability …
Persistent link: https://www.econbiz.de/10014536299
We build a dynamic oligopoly model with endogenous entry in which a particular firm (leader) invests in an innovation process, facing the subsequent entry of other firms (followers). We identify conditions that make it optimal for the leader in the initial oligopoly situation to undertake...
Persistent link: https://www.econbiz.de/10014199136
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10014219994
AT&T was known for both funding a world-class research lab and delaying deployment of useful innovations from the lab. To explain this behavior we consider a model with an incumbent facing a potential entrant. The incumbent can choose from two technologies for production: old and new. The...
Persistent link: https://www.econbiz.de/10014221709
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
interoperability requirements as superior to both regulated monopoly and the break-up of dominant firms. In theory, by compelling firms … economies without leaving markets vulnerable to monopoly power. Examples of successful coordination include the provision of … their monopoly power. Specifically, by imposing high fixed costs to connect to common infrastructure, allowing dominant …
Persistent link: https://www.econbiz.de/10013218961
result that there is only one monopoly profit and thus there is no gain from bundling. This folk theorem relies on some … consumption levels, then it is generally the case that a firm can extend a monopoly from A into a competitive B market. While it … firm offers to scale back its monopoly price in return for getting a price premium in a second market. The reduction in …
Persistent link: https://www.econbiz.de/10014028966