منابع مشابه
Market Power Screens Willingness-to-Pay∗
What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property screens out projects generating low consumer surplus per unit sold. We propose a stretch parameterization of demand under which innovations differ in both the size of the market they create and consumers’ average willingness-to-pay for them. We solve the resulting multidimensional screening prob...
متن کاملEstimating Willingness-to-Pay and Brand Market Power in Auctions: A Hedonic Approach
We model how to measure consumer willingness-to-pay (WTP) from an English or ascending first-price auction based on two general bidding premises: no bidder bids more than her WTP, and no bidder allows a rival bidder to win at a price that she is willing to beat. We thus impose no structural assumptions on rationality of bidders or sellers. The proposed model is general enough to include buy-it-...
متن کاملWhat does Willingness-to-Pay reveal about hospital market power in merger cases?
In hospital merger cases, the courts have often based geographic market areas on patient flow criteria. Given patient heterogeneity and the importance of distance to hospital and health plan restrictions on hospital choice, Capps et al. (2003a) show that potential market power effects can be understated. While willingness-to-pay(WTP) measures derived from individual choice models provide an alt...
متن کاملWillingness to pay... What???
Willingness to pay is a term used in economics, which can be defined as the maximum amount a person would be prepared to pay, sacrifice or exchange in order to receive goods or services or to avoid something that is undesired. It can be used in medicine as a method for assessing the value of health benefits in a cost-benefit analysis. One indication of the importance of this concept is the prog...
متن کاملMarket power in pay TV
Annex 7 to pay TV market investigation second consultation This is the non-confidential version. Confidential information has been redacted. Redactions are indicated by [] Annex 7 to pay TV second consultation – market power Contents Section Page 1 Introduction 1 2 Market power in the wholesale supply of Core Premium Sports channels 7 3 Market power in the wholesale supply of Core Premium Movie...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.1659449