منابع مشابه
Complementary Monopolies and Bargaining
How should complementarities a¤ect antitrust merger policy? I introduce a two-stage strategic model in which complementary input sellers o¤er supply schedules to producers and then engage in bilateral bargaining with producers. The main result is that there is a unique weakly dominant strategy equilibrium and the equilibrium attains the joint pro t maximizing outcome. Output equals that of a bu...
متن کاملMonopolistic Competition: Theory and Applications
Under what circumstances will a monopolistic competitive market be characterized by too little or too much quality variation? How do excise taxes affect the monopolistic competitive equilibrium? Can an increase in the minimum wage lead firms to employ more workers but cause a reduction in industry wide employment? What will be the multiplier effect of a balancedbudget increase in government tax...
متن کاملMonopolistic Competition
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متن کاملMonopolistic competition Equilibrium and optimality*
Since the publication of Chamberlin's book [The Theory of Monopolistic Competition (1933)], there has been sorne controversy about what is implied by adopting the Monopolistic Competition point of view [see for example Stigler (1968, p. 320) vs. Samuelson (1958)]. The first formal model of Monopolistic Competition is due to Spence (1976). He showed that if the utility function of the sole consu...
متن کاملTime-Differentiated Monopolies
We consider sequential competition among sellers, with different consumers desiring the good at different times. Each consumer has the option of buying from a later seller. Each seller recognizes that future sellers are potential competitors. We find that if sellers do not know the previous history of sales, then an equilibrium price is necessarily the same as that which would be set by a simpl...
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ژورنال
عنوان ژورنال: The University of Chicago Law Review
سال: 1935
ISSN: 0041-9494
DOI: 10.2307/1596476