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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
the monopoly and from the welfare points of view. It is shown that in the two-type consumer case when the monopoly is …
Persistent link: https://www.econbiz.de/10014058904
We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on...
Persistent link: https://www.econbiz.de/10014343799
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/10012772229
Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of … method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost … of our approach for antitrust law as well as how our methodology can be used in practice for allegations of monopoly …
Persistent link: https://www.econbiz.de/10014062997
The paper analyzes the price, output and welfare effects of third-degree price discrimination triggered by the portfolio motive of a risk-averse monopolist facing random and potentially correlated market demands. It is shown that contrary to conventional wisdom, price discrimination can occur...
Persistent link: https://www.econbiz.de/10014072262
discusses the effects of price discrimination on monopoly profit, consumer surplus, and social welfare. In addition, using a …-discriminating monopoly, corresponding to its aggregated marginal revenue curve, is derived. The curve is non-linear and lies above the … aggregated demand curve of simple monopoly. The results of this paper may be used to explain to students the effects of third …
Persistent link: https://www.econbiz.de/10014089315
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/10011374421
Does significant market power or the presence of large rents affect optimal income taxation, calling for greater redistribution due to tainted gains? Or perhaps less because of an additional wedge that distorts labor effort? Do concerns about inequality have implications for antitrust,...
Persistent link: https://www.econbiz.de/10012891263
Persistent link: https://www.econbiz.de/10011592819