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competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …
Persistent link: https://www.econbiz.de/10005008615
We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic provision of an essential facility-based input, whose price is set by a social-welfare maximizing regulator. Our model shows that the regulatory knowledge about the cost for...
Persistent link: https://www.econbiz.de/10010270730
We consider a vertically related market characterized by down- stream imperfect competition and by the monopolistic provision of an essential facility-based input, whose price is set by a social-welfare maximizing regulator. Our model shows that the regulatory knowl- edge about the cost for...
Persistent link: https://www.econbiz.de/10008621833