Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
987050 | Russian Journal of Economics | 2015 | 18 Pages |
Abstract
The article considers the phenomenon of price behavior in markets of joint products. It shows that conclusions about the nature of economic entities’ behavior on this type of market could be inaccurate if the characteristics of these markets, such as joint costs, are not taken into account. For this purpose, a theoretical model, built according to basic microeconomic principals, is applied. This model provides an opportunity to reveal—without further new institutional analysis —that the reason for price deviation from a competitive level does not always lie in actions restricting competition.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Andrey Shastitko, Anastasia Shastitko,