How Efficient is a Contestable Natural Monopoly?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Joseph E. Stiglitz, 1977. "Monopoly, Non-linear Pricing and Imperfect Information: The Insurance Market," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 407-430.
- Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
- Marie Allard & Jean-Paul Cresta & Jean-Charles Rochet, 1997. "Pooling and Separating Equilibria in Insurance Markets with Adverse Selection and Distribution Costs*," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 22(2), pages 103-120, December.
- Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
- Eric Maskin & John Riley, 1984. "Monopoly with Incomplete Information," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 171-196, Summer.
- Spulber Daniel F., 1993. "Monopoly Pricing," Journal of Economic Theory, Elsevier, vol. 59(1), pages 222-234, February.
- Spence, Michael, 1977. "Nonlinear prices and welfare," Journal of Public Economics, Elsevier, vol. 8(1), pages 1-18, August.
- Oren, Shmuel S. & Smith, Stephen A. & Wilson, Robert B., 1983. "Competitive nonlinear tariffs," Journal of Economic Theory, Elsevier, vol. 29(1), pages 49-71, February.
- Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
- repec:bla:econom:v:54:y:1987:i:215:p:315-16 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Joshua S. Gans & Stephen P. King, 2003. "Contestability, Complementary Inputs and Contracting: The Case of Harbour Towage," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(4), pages 415-427, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- , & ,, 2012.
"Optimal insurance with adverse selection,"
Theoretical Economics, Econometric Society, vol. 7(3), September.
- Hector Chade & Edward Schlee, 2008. "Optimal Insurance with Adverse Selection," Levine's Working Paper Archive 122247000000002175, David K. Levine.
- Böhme Enrico, 2016.
"Second-Degree Price Discrimination on Two-Sided Markets,"
Review of Network Economics, De Gruyter, vol. 15(2), pages 91-115, June.
- Böhme, Enrico, 2012. "Second-Degree Price Discrimination on Two-Sided Markets," MPRA Paper 40951, University Library of Munich, Germany.
- Böhme, Enrico, 2014. "Second-Degree Price Discrimination on Two-Sided Markets," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100507, Verein für Socialpolitik / German Economic Association.
- Alfons J. Weichenrieder, 2004. "Second degree price discrimination and natural monopoly," Bulletin of Economic Research, Wiley Blackwell, vol. 56(2), pages 189-200, April.
- Yao Luo & Isabelle Perrigne & Quang Vuong, 2018.
"Structural Analysis of Nonlinear Pricing,"
Journal of Political Economy, University of Chicago Press, vol. 126(6), pages 2523-2568.
- Luo, Yao & Perrigne, Isabelle & Vuong, Quang, 2014. "Structural Analysis of Nonlinear Pricing," Working Papers 14-003, Rice University, Department of Economics.
- Yao Luo & Isabelle Perrigne & Quang Vuong, 2014. "Structural Analysis of Nonlinear Pricing," Working Papers tecipa-518, University of Toronto, Department of Economics.
- Amrstong, Mark & Cowan, Simon & Vickers, John, 1995.
"Nonlinear pricing and price cap regulation,"
Journal of Public Economics, Elsevier, vol. 58(1), pages 33-55, September.
- Armstrong, M. & Cowan, S. & Vickers, J., 1992. "Nonlinear Pricing and Price Cap Regulation," Economics Series Working Papers 99152, University of Oxford, Department of Economics.
- Tian Xia & Richard Sexton, 2010. "Brand or Variety Choices and Periodic Sales as Substitute Instruments for Monopoly Price Discrimination," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(4), pages 333-349, June.
- Wong, Kit Pong, 2024. "Optimal nonlinear pricing by a monopoly with smooth ambiguity preferences," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 594-604.
- Atanu Lahiri & Rajiv M. Dewan & Marshall Freimer, 2013. "Pricing of Wireless Services: Service Pricing vs. Traffic Pricing," Information Systems Research, INFORMS, vol. 24(2), pages 418-435, June.
- Kimmo Berg, 2013. "Complexity of solution structures in nonlinear pricing," Annals of Operations Research, Springer, vol. 206(1), pages 23-37, July.
- Giuseppe, DE FEO & Jean, HINDRIKS, 2005.
"Efficiency of Competition in Insurance Markets with Adverse Selection,"
Discussion Papers (ECON - Département des Sciences Economiques)
2005042, Université catholique de Louvain, Département des Sciences Economiques.
- DE FEO, Giuseppe & HINDRIKS, Jean, 2005. "Efficiency of competition in insurance markets with adverse selection," LIDAM Discussion Papers CORE 2005054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Dionne, G. & Doherty, N., 1991.
"Adverse Selection in Insurance Markets: a Selective Survey,"
Cahiers de recherche
9105, Universite de Montreal, Departement de sciences economiques.
- Dionne, G. & Doherty, N., 1991. "Adverse Selection In Insurance Markets: A Selective Survey," Cahiers de recherche 9105, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- X. Ruiz del Portal, 2011. "Agency problems with non-smooth decision profiles: the case of monopoly under product quality," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(1), pages 121-137, March.
- Christina E. Bannier & Eberhard Feess & Natalie Packham & Markus Walzl, 2021.
"Differentiation and Risk Aversion in Imperfectly Competitive Labor Markets,"
Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 177(1), pages 1-27.
- Christina E. Bannier & Eberhard Feess & Natalie Packham & Markus Walzl, 2020. "Differentiation and Risk-Aversion in Imperfectly Competitive Labor Markets," Working Papers 2020-15, Faculty of Economics and Statistics, Universität Innsbruck.
- Dirk Bergemann & Alessandro Bonatti & Alex Smolin, 2018.
"The Design and Price of Information,"
American Economic Review, American Economic Association, vol. 108(1), pages 1-48, January.
- Dirk Bergemann & Alessandro Bonatti & Alex Smolin, 2016. "The Design and Price of Information," Cowles Foundation Discussion Papers 2049, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Alessandro Bonatti & Alex Smolin, 2017. "The Design and Price of Information," Cowles Foundation Discussion Papers 2049R, Cowles Foundation for Research in Economics, Yale University.
- Bergemann, Dirk & Bonatti, Alessandro & Smolin, Alex, 2016. "The Design and Price of Information," CEPR Discussion Papers 11412, C.E.P.R. Discussion Papers.
- Jorge Lemus & Emil Temnyalov & John L. Turner, 2021.
"Liability Insurance: Equilibrium Contracts under Monopoly and Competition,"
American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 83-115, February.
- Jorge Lemus & Emil Temnyalov & John L. Turner, 2019. "Liability Insurance: Equilibrium Contracts under Monopoly and Competition," Working Paper Series 2019/11, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
- Justin P. Johnson & David P. Myatt, 2006.
"Multiproduct Cournot oligopoly,"
RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 583-601, September.
- David P. Myatt & Justin P. Johnson & Johnson Graduate School of Management & Cornell University, 2005. "Multiproduct Cournot Oligopoly," Economics Series Working Papers 145, University of Oxford, Department of Economics.
- Yann Braouezec, 2015. "Public versus Private Insurance System with (and without) Transaction Costs: Optimal Segmentation Policy of an Informed monopolistPublic versus Private Insurance System with (and without) Transaction ," Working Papers 2013-ECO-23, IESEG School of Management, revised May 2014.
- Hoppe, Eva I. & Schmitz, Patrick W., 2015.
"Do sellers offer menus of contracts to separate buyer types? An experimental test of adverse selection theory,"
Games and Economic Behavior, Elsevier, vol. 89(C), pages 17-33.
- Schmitz, Patrick W. & Hoppe-Fischer, Eva, 2013. "Do Sellers Offer Menus of Contracts to Separate Buyer Types? An Experimental Test of Adverse Selection Theory," CEPR Discussion Papers 9510, C.E.P.R. Discussion Papers.
- Matthews, Steven & Moore, John, 1987.
"Monopoly Provision of Quality and Warranties: An Exploration in the Theory of Multidimensional Screening,"
Econometrica, Econometric Society, vol. 55(2), pages 441-467, March.
- Steven Matthews & John Moore, 1985. "Monopoly Provision of Quality and Warranties: An Exploration in the Theory of Multidimensional Screening," Discussion Papers 661, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Kit Pong Wong, 2020. "Optimal nonlinear pricing by a regret‐averse monopoly," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1156-1161, October.
More about this item
Keywords
Natural Monoply; Contestability; Contract Theory;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_186. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.