Results 211 to 220 of about 16,081 (265)
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Econometrica, 1976
THE STABILITY PROPERTIES of a competitive economy are well known-at least under the artificial tatonnement assumption which avoids the problem of who changes prices. This note demonstrates that similar, if not stronger, properties carry over to a monopolistic economywhere price formation is completely explained by the independent optimizing behavior of
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THE STABILITY PROPERTIES of a competitive economy are well known-at least under the artificial tatonnement assumption which avoids the problem of who changes prices. This note demonstrates that similar, if not stronger, properties carry over to a monopolistic economywhere price formation is completely explained by the independent optimizing behavior of
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The Journal of Law and Economics, 1972
ASSUME that a supplier owns the total stock of a completely durable good. At what price will he sell it? To take a concrete example, assume that one person owns all the land in the United States and, to simplify the analysis, that all land is of uniform quality. Assume also that the landowner is not able to work the land himself, that ownership of land
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ASSUME that a supplier owns the total stock of a completely durable good. At what price will he sell it? To take a concrete example, assume that one person owns all the land in the United States and, to simplify the analysis, that all land is of uniform quality. Assume also that the landowner is not able to work the land himself, that ownership of land
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IEEE Transactions on Fuzzy Systems, 1994
Probability is a very special case of fuzziness. It always faces two limits. First, it works with bivalent sets A. Second, probability measures need small infinities. A probability measure maps the sets in a sigma-algebra to the unit interval /spl lsqb/O, 1/spl rsqb/. Fuzzy theory challenges the probability monopoly.
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Probability is a very special case of fuzziness. It always faces two limits. First, it works with bivalent sets A. Second, probability measures need small infinities. A probability measure maps the sets in a sigma-algebra to the unit interval /spl lsqb/O, 1/spl rsqb/. Fuzzy theory challenges the probability monopoly.
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Journal of Economic Theory, 1993
Monopoly pricing is examined in a general framework with an unknown population distribution of consumer characteristics, downward-sloping, multi-unit consumer demand, and increasing marginal cost. Reference point pricing is introduced and is shown to implement the profit-maximizing allocation. Using central limit theorem arguments, nonlinear pricing is
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Monopoly pricing is examined in a general framework with an unknown population distribution of consumer characteristics, downward-sloping, multi-unit consumer demand, and increasing marginal cost. Reference point pricing is introduced and is shown to implement the profit-maximizing allocation. Using central limit theorem arguments, nonlinear pricing is
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A Study of Monopolies in Graphs
Graphs and Combinatorics, 2012zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Kaveh Khoshkhah +3 more
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2020
This chapter describes the theory of monopoly. In a monopoly market, there are many buyers and a single vendor of a good. The single vendor is called the monopoly. Buyers are assumed to be price takers, and their demand as a function of price is given, as in the case of perfect competition, by an aggregate demand function.
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This chapter describes the theory of monopoly. In a monopoly market, there are many buyers and a single vendor of a good. The single vendor is called the monopoly. Buyers are assumed to be price takers, and their demand as a function of price is given, as in the case of perfect competition, by an aggregate demand function.
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