Search results for "monopoly"
showing 10 items of 40 documents
Duopoly experimentation: Cournot competition
1999
Abstract This paper analyzes learning behavior in an industry facing uncertainty. We consider a duopoly game where firms have imperfect information about market demand and they learn through observing market prices. The main body of our study consists of showing how firms make the price a more informative signal through their experimental behavior, and how this behavior compares to its monopoly counterpart. We extend previous analysis to the case where the demand unknown parameter takes values on the real line. We also find that experimentation under Cournot duopoly is smaller than under monopoly whenever the demand's unknown parameter is sufficiently precise.
The Role of Force
1995
Max Weber defined the state as an organization which successfully maintained the monopoly of legitimate violence over certain territory. This definition, simple as it is, raises several problems. Firstly, it should be noted that it is at best the definition of the modern State. There have been organizations which are, perhaps anachronistically, called states by historians or anthropologists, but which did not satisfy the definition.
Modelling strategic alliances in the wide-body long range aircraft market
2007
Abstract The wide-body long-range aircrafts market is characterized by increasing rivalry between Airbus and Boeing. One of the factors that drive their strategic behaviour is technological. We propose a technology indicator to identify conditions under which the aircraft companies have incentives to join a coalition. For this, we provide measurement of the side-payments necessary to sign a strategic alliance aimed at reducing technological barriers in the market. The results suggest that the existence of side-payments guarantees the stability of a strategic alliance if the gap in the technological level between the firms is high, or competition is through prices. For monopoly, a strategic …
Toward the Decarbonization of Plastic: Monopolymer Blend of Virgin and Recycled Bio-Based, Biodegradable Polymer.
2022
Decarbonization of plastics is based on two main pillars: bio-based polymers and recycling. Mechanical recycling of biodegradable polymers could improve the social, economic and environmental impact of the use of these materials. In this regard, the aim of this study was to investigate whether concentrations of the same recycled biopolymer could significantly affect the rheological and mechanical properties of biodegradable monopolymer blends. Monopolymer blends are blends made of the same polymers, virgin and recycled. A sample of commercially available biodegradable blend was reprocessed in a single-screw extruder until two extrusion cycles were completed. These samples were exposed to gr…
Characterization of monopolymer blend of virgin and recycled polyamide 6
2002
It is a common industrial practice to blend virgin polymer with the same recycled polymer coming from plastic scraps that, in general, has not undergone relevant degradation. In this work, the characteristics of blends of virgin and recycled polyamide have been considered by changing the amount of recycled polymer and the presence of humidity and a stabilizer. Neither dry nor wet stabilized recycled polyamide samples show significant variations of the molecular weight, but the melt Newtonian viscosity of the blends are slightly different from that predicted by an additive rule, despite the same chemical nature of the two components. This holds true even more for the humid unstabilized sampl…
Causes of Public Expenditure Inefficiency and Proposals for Their Streamlining
2020
The public sector has continually developed, as new needs of the population have been identified and the expectations of the population regarding the quantity and the quality of the provided services have already been rising. Unlike private management, the public administration has not always been concerned with the way results have been achieved, but, particularly with the results themselves, and, as long as these have been satisfying for the population, the resources employed for obtaining the results were of no much concern. The public administration monopoly in the provision of some services has led to the possibility of generating imbalances between the quality of the provided services…
The Agency and Practical Learning of a Lay Advocate in Seventeenth-Century Helsinki : The Case of Gabriel Abrahamsson
2018
This chapter discusses seventeenth-century Sweden, where academically trained advocates and procurators emerged but attempts of advocacy monopoly failed. The case of Gabriel Abrahamsson—a son of a pastor, a former cavalryman and farmer, and, later on, a lower-level civil servant in Helsinki—proves that no specific privileged status or academic education was needed for advocacy in lower courts. The tradition to use any reasonable man as a legal representative continued, and trusted men from various social backgrounds with self-acquired legal skills acted as lay advocates. Gabriel learned law by doing. His voluminous private and office litigation enabled him to act increasingly as a legal rep…
Regional financial development and bank competition: effects on firms' growth
2009
Fernandez de Guevara J. and Maudos J. Regional financial development and bank competition: effects on firms' growth, Regional Studies. This paper analyses the effect of regional financial development and bank competition on firms' growth using the Spanish provinces as a testing ground. The results show that firms in industries with a greater dependence on external finance grow faster in more financially developed provinces. The results also show that bank monopoly power has an inverted-‘U’ effect on firms' growth, suggesting that market power has its highest effect at intermediate values. The effect is heterogeneous among firms according to the financial dependence of the industry to which …
On Capturing Oil Rents with a National Excise Tax Revisited
2004
In this paper the scope of Bergstrom’s (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is costless. However, with depletion effects, the optimal tariff must ultimately be decreasing. For the case of a monopolistic market the results depend crucially on the kind of strategies the importing country governments can play and on whether the monopolist chooses the price or extraction rate. For a price-setting monopolist it is shown that the importing countries cannot use a tariff to capture monopoly …
Intellectual Property Rights: An Economic Approach
2014
Abstract This paper aims to analyse the intellectual property rights from an economic perspective. The paper is discussing the points of view of well known economists in relation to the positive and negative impacts of the intellectual property systems. It brings also into discussion the role of IPR as a barrier to entry and a mean to restrict competition and to favour monopoly situations.