Firm Behavior in Monopolistic Markets
Martin Kolmar ()
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Martin Kolmar: University of St. Gallen
Chapter 10 in Principles of Microeconomics, 2017, pp 221-254 from Springer
Abstract:
Abstract This chapter covers … cognitive, technological, and regulative prerequisites for the existence of monopolies. how firms can use their monopoly to develop basic and sophisticated pricing strategies. the role of price discrimination in markets with imperfect information about the willingness to pay of the customers, and why the findings help to better understand pricing behavior in, for example, airline, software and hardware markets. the role of price discrimination between market segments and why the findings help to understand the debate about international price differences. how the informational demand for optimal pricing strategies is related to the optimal organization of firms. the economic-policy consequences of the above pricing models.
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-57589-6_10
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DOI: 10.1007/978-3-319-57589-6_10
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