Consumption complementaries, monopolies, and coordination [electronic resource] / P. Frijters
- Bib ID:
- 6100695
- Format:
- Book
- Author:
- Frijters, Paul
- Online Access:
- Archived at ANL
- Related Online Resources:
- Publisher's site
- Description:
- Brisbane, Qld. : School of Economics, University of Queensland, 1998
- Series:
-
- Discussion paper (University of Queensland. School of Economics : Online) ; 444. 1833-1068
- PANDORA electronic collection.
- Technical Details:
-
- Mode of access: Online. Address as at 17/09/2012: http://www.uq.edu.au/economics/444-consumption-complementarities-monopolies-and-coordination
- System requirements: Adobe Acrobat reader to read PDF file.
- Summary:
-
Price-coordination and investment coordination are analyzed in a monopolistic multi-sector general equilibrium model with consumption complementarities. Possible solutions to the investment coordination problem are consistent with historical examples of government intervention in investment, the different roles of banking sectors in different countries, and the effect of optimism on the development of new sectors. Price coordination within sectors between monopolists of complementary intermediaries lowers prices and increases welfare because the competition between the final goods of different sectors then becomes the paramount concern of each monopolist. With no price coordination, each monopolist sets infinite prices as the effect of price increases on demand is shared by all other intermediary monopolists due to the complementarities.
- Notes:
-
- Title from title screen (viewed on Sept. 17, 2012)
- Includes bibliographical references (p. 25-27)
- Text.
- Selected for archiving
- Subject:
- Other authors/contributors:
- University of Queensland. School of Economics
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1998
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
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