کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5078774 | 1477362 | 2007 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Creating monopoly power
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
The standard analysis of monopoly assumes that the seller has price-setting power. Without this assumption, it is not clear what monopoly power is or whether it exists. To address this question, this paper uses the core of a TU game in place of price-setting. The core provides a model of competition in which outcomes can be interpreted as the consequences of free-form bargaining or negotiations. This paper shows that if a core analysis is embedded in a capacity choice context, monopoly power can be created with credible undersupply. But in monopoly, a core analysis also shows that competition only partially determines the outcomes. Using a biform game analysis, this paper shows that the monopolist's view of this indeterminacy directly affects its capacity choice. A moderate view of the indeterminacy generates outcomes that are more socially beneficial than setting a uniform price. The two extreme views of the indeterminacy are shown to generate results consistent with uniform pricing and perfect price-discrimination.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 25, Issue 5, October 2007, Pages 1011-1025
Journal: International Journal of Industrial Organization - Volume 25, Issue 5, October 2007, Pages 1011-1025
نویسندگان
Harborne W. Jr.,