Now showing items 1-3 of 3
Distorting the direction of technological change
(Elsevier, 1994-04)
This article explores a monopolist's incentive to distort the direction of technological change. For strategic reasons, the monopolist might invent and employ a socially undesirable technology. In so doing, he might ...
Profiting from 'countervailing' power: An effect of government control
(Elsevier, 1988)
We demonstrate that a firm subject to government regulation might expect an increase in profit upon creation of an independent monopoly upstream. Such a monopoly serves to increase the expected cost of the regulated firm. ...