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suppose that the gross utility of a representative consumer is v n 12 where n is the number of products their net
circle model salop 1979 consider firms locating on a circle of unit circumference say one mile consumers are
1 show that a monopolist with one product at the left end point would find it profit maximizing to serve the entire
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in the case of titanium dioxide is the standard the commission used for determining conduct to be unreasonable sensible
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a monopolist faces an inverse demand function p 10 - q in each of two periods a and b her marginal costs are 5 for
although strategic investment can confer an advantage on the first mover such investment also locks in the firm which
standard empirical analysis of learning by doing estimates a progress ratio that is the reduction in a firms average
consider the following demand system for two differentiated productsq1 theta - bp1 dp2 z a1 q2 theta - bp2 dp1 - w
now suppose that the learning takes place with spillovers ie the experience of cumulative production in one firm
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if advertising has positive externalities that benefit the industry as a whole is it possible for an incumbent to use
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some of the recent attempts to curb smoking have proposed a ban on all cigarette advertising aimed at teenagers and
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consider an oligopoly with n cournot competing firms market demand is linear p a - bq where q is total output and the
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1 in much of the patent-racing literature only the firm that expects to win the prize will do any research this is