Commodity Bundling and the Burden of Monopoly
نویسندگان
چکیده
منابع مشابه
Commodity Bundling and the Leverage of Market Power
The modern literature on commodity bundling argues that a monopolist may use bundling to extend its monopoly power into an otherwise oligopolistic market by foreclosing entrants or excluding rivals. This approach is contrary to the Chicago critique of Posner and Bork, who defend bundling as irrelevant to such monopolization, being incapable of extending the “one monopoly rent.” However, this pa...
متن کاملPackaging as Commodity Bundling and Inter-type Competition in Retailing by
* Earlier versions of this paper were presented at The Economics of Retail Systems seminar at the University of Maryland. I thank the participants for their comments while claiming responsibility for any errors and omissions. 1 This work also provides references to the earlier literature. 2 Introduction There is a substantial literature on commodity bundling. A seminal point of departure for th...
متن کاملBundling and Pricing of Product with After-sale Services
Bundling is the sale of two or more products in combination as a package. In this paper we consider the bundling and pricing of a complex durable product with the after-sales repair and maintenance services. The product and service are two different, but related markets for this scenario. The problem of bundling and pricing are considered for two product market structures: monopoly and duopoly....
متن کاملProduct bundling and tying in competition∗
This paper explores tying in the situation where a multi-product firm without monopoly power competes against several single-product firms. It considers two independent markets: one for a horizontally differentiated good, the other for a homogeneous good. As opposed to the widely accepted opinion that tying may be profitable only in the case of monopoly power, it is shown that under reasonable ...
متن کاملOptimal Bundling and Pricing under a Monopoly: Contrasting Complements and Substitutes from Independently Valued Products*
Marketing literature has witnessed a recent spurt in articles devoted to the study of bundling. Manifestations of bundling include vacation packages, magazine subscriptions, and software bundles. Much of the academic work in marketing on bundling is rooted in seminal theories developed by economists (e.g., Adams and Yellen 1976). These studies rely on the reservation price paradigm and demonstr...
متن کامل