In spatial competition, public infrastructure plays a crucial role in determining product market outcomes. In our model, consideration of infrastructure’s impact on the product market drives the voting behavior of consumers in their dual role as voter/taxpayers. The spatial heterogeneity of consumers produces conflicting political interests and in many cases inefficient outcomes. However across...

Currently, water demand management and optimal operation of its resources is one ofthe most important issues in environmental economics and management. Water demandmanagement has been a concern of economic planners as a new approach in environmentaleconomics. This study aims to investigate water demand management in different productmarkets in downstream of Yengejeh Dam in Neyshabur. This is an...

Einer Elhauge is almost singlehandedly winning a battle against the Single Monopoly Theory. The theory, as popularized by early Chicago School theorists,1 argues that a “vertically integrated monopolist can earn monopoly profit only in one of the markets—either the upstream or downstream market, but not both [and that] firms typically cannot extend monopoly power over one product to other produ...

a r t i c l e i n f o The objective of this paper is to analyze the efficiency consequences of monopoly from the perspective of an efficiency-wage model of unemployment based on Shapiro and Stiglitz (1984). An important feature of our model is that a firm can raise the probability that a shirking worker is detected by increasing its effort or investment in the monitoring of workers. Using this ...

the paper tests, in the context of an open sports league, whether greater success is achieved by clubs in markets with larger populations. The relationship is strong but, to a limited extent, mitigated by more clubs establishing in large markets. JEL classification: L83 key words: soccer, market size, entry, competitive balance, success 1 corresponding author: David Forrest, Centre for the Stud...

The Thailand Tobacco Monopoly (TTM) controlled the country's tobacco industry from its formation in the 1940s, until the government dropped restrictions on imported cigarettes in the late 1980s in response to pressure from the United States. The TTM has since competed with transnational tobacco companies (TTCs) in a semi-monopoly market in which TTCs have steadily increased their market share. ...

introduction: market power is an important factor affecting welfare. existence of market power on the purchase side reduces supplier welfare. however, existence of market power on the sales side reduces supplier welfare. some believe that the agricultural market structure is a monopoly. in fact, most of the agricultural products can be purchased by small firms and then delivered to consumers be...

In recent years, progressive public intellectuals and prominent scholars have asserted that monopoly power lies at the root of wealth inequality and that increases in antitrust enforcement are necessary to stem its rising tide. This claim is misguided. Exercises of market power have complex, crosscutting effects that undermine the generality of the monopoly regressivity claim. Contrary to what ...