Monopoly power in input markets

2013 ◽  
pp. 704-744
Keyword(s):  
Monopoly Power ◽  
Input Markets

Analytical Framework and Qualitative Observations

2020 ◽  
pp. 36-79
Author(s):  
Murali Patibandla
Keyword(s):  
Analytical Framework ◽  
Monopoly Power ◽  
Transactions Costs ◽  
Large Firms ◽  
Strategic Interactions ◽  
Domestic Markets ◽  
Production Processes ◽  
Monopsony Power ◽  
Input Markets ◽  
Medium Firms

It develops a simple theory of Cournot strategic interactions between firms as basic framework and discusses behaviour of firms from dimensions of market structure, technology, scale economies, and value-chains (subcontracting). It demonstrates how large firms derived monopoly power in the product markets and monopsony power in the input markets. This, in turn, made them inward oriented in search of monopoly power in the Pre-reforms era. On the other hand, small and medium scale firms faced highly competitive conditions and high transactions costs in the domestic markets especially in the sub-contracting linkages with large firms. This, in turn, drove relatively efficient small and medium firms to exports where they are price takers facing lesser degree of transaction costs. The chapter also traces how exporting small and medium firms realized efficiency in production processes.

Effects of Cooking Oil Subsidy Removals on Related Markets in Malaysia: A Comparative Static, Multicommodity, Multi Stage Production Approach

2011 ◽  
Author(s):  
Jamal Othman ◽  
Yaghoob Jafari
Keyword(s):  
Equilibrium Model ◽  
Comparative Statics ◽  
Partial Equilibrium ◽  
Cooking Oil ◽  
Multi Stage ◽  
Supply Factor ◽  
Partial Equilibrium Model ◽  
Factor Markets ◽  
Input Markets ◽  
Production Approach

Malaysia is contemplating removal of most of her subsidy support measures including subsidies on cooking oil which is largely palm oil based. This paper aims to examine the effects of cooking oil subsidy removals on the competitiveness of the oil palm subsector and related markets. This is done by developing and applying a comparative static, multi-commodity, partial equilibrium model with multi-stages of production function for the Malaysian perennial crops subsector which explicitly links different stages of production, primary and intermediate input markets, trade, and policy linkages. Results partly suggest that export of cooking oil will increase by 0.2 per cent due to a 10 per cent cooking oil subsidy reduction, while domestic output of cooking oil may eventually see a net decline of 1.97 per cent. The results clearly point out that the effect of reducing cooking oil subsidies is relatively small at the upstream levels and therefore it only induces minute effects on factor markets. Consequently, the market for other agricultural crops is projected to change very marginally.   Keywords: Multicomodity, comparative statics, partial equilibrium model, output supply-factor markets linkages, effects of cooking oil subsidy removals.

Monopoly Power in the Oil Market and the Macroeconomy

2017 ◽  
Author(s):  
Nicole Branger ◽  
Renn Marian Flacke ◽  
Nikolai Grrber
Keyword(s):  
Monopoly Power ◽  
Oil Market

Insurgent Universality

2019 ◽  
Author(s):  
Massimiliano Tomba
Keyword(s):  
Private Property ◽  
The State ◽  
European History ◽  
Monopoly Power ◽  
Individual Rights ◽  
Modern Conception ◽  
Democratic Practices ◽  
Fresh Perspective ◽  
Alternative Institutions

Insurgent Universality presents an intervention in current discussions on universalism, democracy, and property. It investigates other trajectories besides traditional ones of modernity and traces an alternative legacy for contemporary movements. This legacy exceeds the familiar juridical horizon of citizenship, individual rights, and the state by revisiting questions relating to power, democratic practices, and the modern conception of private property. Insurgent Universality investigates and displays alternative trajectories of modernity that have been repressed, hindered, and forgotten. These trajectories are not only embodiments of a radical hope and a new conception of universality that arose from insurgencies from below; they also alert us to possibilities in our present that have been underestimated or overlooked. Eventually, they show us alternative institutions by which to reshape our present. These experimental democratic practices and institutions are based on the pluralism of authorities instead of the monopoly power of the state. However, such an inquiry resists the utopian urge to clear the tables. Instead, the book examines more closely, and with a fresh perspective, those aspects of our intellectual inheritance that we have allowed to remain in the darkness. By doing this, Insurgent Universality aims to “decolonize” European history, offering an image of Europe that is not monolithic but, rather, composed of many layers and paths that have been repressed or forgotten. The aim of the book is to rebuild those roads not taken and bridge them with non-European trajectories and political experiments.

Regulation

2018 ◽  
Author(s):  
Robert Sugden
Keyword(s):  
Public Goods ◽  
Maximum Yield ◽  
Monopoly Power ◽  
Choice Overload ◽  
Market Failures ◽  
Governmental Regulation

Chapter 7 considers a range of conditions that are usually considered as ‘market failures’ to be corrected by governmental regulation. I discuss these conditions, and possible responses to them, from a contractarian viewpoint. I argue that neoclassical arguments for regulations against cartels and against the exploitation of monopoly power can be endorsed on contractarian grounds, as can certain kinds of regulations against spurious complexity in pricing. I raise doubts about the significance of behavioural arguments for regulation that assume choice overload or preferences for self-constraint. I develop a concept of consumers’ surplus that does not depend on assumptions about preferences, and is defined in terms of the maximum yield of discriminatory pricing. I discuss two opportunity-enhancing mechanisms for the supply of public goods.

Managing globalization of R&D: Organizing for offshoring innovation

2006 ◽  
Vol 25 (2) ◽  
pp. 103-114
Author(s):  
Ashok Deo Bardhan
Keyword(s):  
Management Practices ◽  
Individual Cell ◽  
Organization Structure ◽  
Innovative Activity ◽  
Basic Building Block ◽  
Market Incentives ◽  
The World ◽  
Foreign Outsourcing ◽  
Input Markets ◽  
High Skill

This article analyzes the challenges brought about by the globalization of innovative activity to the science and practice of management. The task of matching organization structure and management practices to the needs of R&D offshoring is analyzed through a set of dichotomous pairs of concepts: (1) Drastic vs. Gradual and Systemic vs. Autonomous Innovation, (2) High vs. Low Skill Specificity, (3) Input Markets vs. Output Markets, (4) Intra-Firm vs. Arms Length Offshoring. In the trade-off between markets and hierarchies, the firms often come down on the side of the latter when it comes to the setting up of R&D facilities abroad. Organizational directives and internalization, i.e., intra-firm offshoring can trump market incentives and foreign outsourcing, when it comes to the uncertain returns from innovative activity, particularly in the case of drastic innovations and high skill specificity. Globalization has led to dispersed markets and firms have responded with dispersed locations of core assets, creating competence clusters all over the world, and the innovative firm of the future will restructure each individual cell, the basic building block of the firm consisting of an occupation devoted to a product, and redeploy and relocate them globally, where it is most advantageous.

scholarly journals Controlling monopoly power in a double‐auction market experiment

2021 ◽  
Author(s):  
Giuseppe Attanasi ◽  
Kene Boun My ◽  
Andrea Guido ◽  
Mathieu Lefebvre
Keyword(s):  
Monopoly Power ◽  
Double Auction ◽  
Auction Market ◽  
Market Experiment
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