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Monopoly Price Dispersion Under Demand Uncertainty

✍ Scribed by James D. Jr. Dana

Book ID
108563796
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
170 KB
Volume
42
Category
Article
ISSN
0020-6598

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In recent years, economists have come to recognize that the competition to obtain monopoly rents, i.e., rent seeking, may consume resources whose value greatly exceeds that associated with traditionally measured deadweight welfare loss triangles (Toilison, 1982). Early articles by Tullock (1967), Kr