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-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly … power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different …
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We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new …
Persistent link: https://www.econbiz.de/10014214879
explicitly accounts for monopoly power in manipulating quality choices. The example provided illustrates the potential for …
Persistent link: https://www.econbiz.de/10012925640
We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new …
Persistent link: https://www.econbiz.de/10012723743
This paper proposes a reduced form approach to identify the presence of "monopoly" market power in markets with …
Persistent link: https://www.econbiz.de/10014117479
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...
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Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679