Foreclosure

5x puncte

categorie: Engleza

nota: 8.54

nivel: Facultate

The Coasian pricing problem is more likely to arise when monopolist bottleneck market is situated upstream. From the consumer or total welfare perspective it is preferable to put the more competitive sector downstream and let consumers deal directly to the competingoperators.

Additionally, non-discrimination laws aim to protect consumers from abuses of dominant position. In the con[...]
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The Coasian pricing problem is more likely to arise when monopolist bottleneck market is situated upstream. From the consumer or total welfare perspective it is preferable to put the more competitive sector downstream and let consumers deal directly to the competingoperators.

Additionally, non-discrimination laws aim to protect consumers from abuses of dominant position. In the context just described
above, these non-discrimination laws have adverse e ects on all consumers and total welfare, because they eliminate opportunistic behavior of U and allow it to fully exercise its monopoly power.

If U offers the non-discriminatory two-part tari T(qi) = m + cqi (wholesale
price=marginal cost and xed fee=monopoly pro t), an equilibrium
will exist if the coordination between U D1 D2 exists. The competitive sector will gain zero-pro ts and U will gain the monopoly pro t.

If U does not consider the impact of a decrease in output on the downstream rms pro ts (and it has a quasi-concave objective function,
T(q) = wq and maximizes U = (w(Q) c)Q), the result leads to a
choice of Q < Qm.
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