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Consumption complementaries, monopolies, and coordination [electronic resource] / P. Frijters
Bib ID 6100695
Format BookBook, OnlineOnline
Author
Frijters, Paul
 
Online Access
Online Versions
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

Subjects Investments -- Econometric models.  |  Prices -- Econometric models.  |  Australian
Other authors/contributors University of Queensland. School of Economics

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