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Welfare implications of entry deterrence in a spatial market
Abstract Based on Bonanno's (1987) model, this paper provides examples showing that (1) without locational regulation, antimonopoly regulation leads to the worst social welfare, and (2) protection of a monopolist is justifiable in a spatial market.
Welfare implications of entry deterrence in a spatial market
Abstract Based on Bonanno's (1987) model, this paper provides examples showing that (1) without locational regulation, antimonopoly regulation leads to the worst social welfare, and (2) protection of a monopolist is justifiable in a spatial market.
Welfare implications of entry deterrence in a spatial market
Priyarsono, Dominicus Savio (author)
1992
Article (Journal)
English
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