A través del presente artículo brindamos un análisis panorámico sobre la génesis, la naturaleza y el sentido histórico de la "crisis de lo público" experimentada en México, reconociendo un contexto ...histórico contemporáneo signado por un Estado mexicano que tiende a perder el control sobre amplias porciones del territorio nacional, y en el que una serie de (contra)poderes fácticos le disputan la hegemonía y se esfuerzan--en no pocos casos--por erigir una parainstitucionalidad estatal que define cursos de acción más allá de la legalidad establecida. Se trata de comprender la relación entre el espacio público, los (contra)poderes y su construcción, las funciones de un Estado fragmentado, y la dialéctica desarrollo/subdesarrollo en México.
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IZUM, KILJ, NUK, PILJ, PNG, SAZU, UL, UM, UPUK
In this article, the author explores how companies leverage the mythology of their ‘Big Data’ as a source of power. Drawing on two case studies from the ‘gig’ economy, the author finds that the ...mythology of Big Data allows companies to claim a monopoly over truth about their industries, marginalizing external researchers. In doing so, companies position themselves as the only legitimate source of knowledge about labour conditions on their services, granting them influence over their regulatory environment.
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BFBNIB, FZAB, GIS, IJS, IZUM, KILJ, NLZOH, NUK, OILJ, PILJ, SAZU, SBCE, SBMB, UL, UM, UPUK
Abstract
I analyze a model of monopoly insurance contracting where the consumer has access to endogenous, costly evidence of his risk type. I characterize when the consumer is worse off if the ...insurer is allowed to condition contracts on evidence and when the ability to contract on evidence leads to a Pareto improvement. I compare the results to an analogous setting with perfect competition: Under perfect competition, when evidence acquisition costs are low, the ability to contract on evidence is always Pareto improving. For intermediate costs, I uncover a new source of unraveling.
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BFBNIB, FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, SBCE, SBMB, UL, UM, UPUK
Expert service providers, such as lawyers, physicians, and designers, are considering whether to employ the multichannel, which consists of online and offline channels. Multichannel strategy arises ...two contrary effects: the cannibalization effect and the complementary effect. This paper models expert service markets where the seller (two sellers) considers whether and how to optimally design the multichannel service. We find that the multichannel strategy dominates the traditional channel in the monopoly context; however, multichannel may be overwhelmed by the traditional channel in the vertically differentiated market. Moreover, the low‐quality seller may provide a higher‐capability online channel than the high‐quality seller.
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FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, SBCE, SBMB, UL, UM, UPUK
16.
Vertical collusion Gilo, David; Yehezkel, Yaron
The Rand journal of economics,
04/2020, Volume:
51, Issue:
1
Journal Article
Peer reviewed
We characterize collusion involving secret vertical contracts between retailers and their supplier—who are all equally patient ("vertical collusion"). We show such collusion is easier to sustain than ...collusion among retailers. Furthermore, vertical collusion can solve the supplier's inability to commit to charging the monopoly wholesale price when retailers are differentiated. The supplier pays retailers slotting allowances as a prize for adhering to the collusive scheme and rejects contract deviations. In the presence of competing suppliers, vertical collusion can be sustained using short-term exclusive dealing.
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BFBNIB, FZAB, GIS, IJS, INZLJ, IZUM, KILJ, NLZOH, NMLJ, NUK, OILJ, PILJ, PNG, SAZU, SBCE, SBMB, UL, UM, UPUK, ZRSKP
This paper studies the price‐setting behavior of a monopoly facing two capacity constraints: one on the number of its consumers, and the other on the amount of products it can sell. The ...characterization of the firm's optimal pricing and optimal customer mix as a function of its two capacities reveals a rich structure. In contrast to the results under one‐dimensional capacity constraints with constant marginal cost of production, a firm may optimally respond to an exogenous reduction in one of its capacities by decreasing one of its prices. Moreover, neglecting the existence of the second capacity constraint can reverse some policy interventions' effects on consumer welfare. In particular, easing a regulatory restriction on one of the constraints may harm the average consumer.
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FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, SBCE, SBMB, UL, UM, UPUK
This paper surveys the monopoly regulation literature with the Bayesian approach. The literature builds on Baron and Myerson’s seminal 1982 paper, entitled “Regulating a Monopolist with Unknown ...Costs.” After presenting their contributions to the regulation literature, the paper discusses the main criticisms of their model, relating to either informational or commitment assumptions about the Bayesian regulator. The paper also briefly reviews some non-Bayesian incentive schemes, price-cap regulation, and several extensions and applications of Baron and Myerson’s regulatory model to highlight the evolution and scope of the new economics of regulation after 40 years.
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EMUNI, FIS, FZAB, GEOZS, GIS, IJS, IMTLJ, KILJ, KISLJ, MFDPS, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, SBMB, SBNM, UKNU, UL, UM, UPUK, VKSCE, ZAGLJ
State capitalism has recently come to the fore as a transversal research object in the social sciences. Renewed interest in the notion is evident across several disciplines, in scholarship addressing ...government interventionism in economic life in major developing countries. This emergent field of study on state capitalism, however, consistently bypasses the remarkable conceptual trajectory of the notion from the end of the 19th century to the present. This article proposes an intellectual-historical survey of state capitalism’s many lives across different ensembles of writing: early Marxist pronouncements on state capitalism at the time of the Second International; theories of state capitalism evolved in the first half of the 20th century in response to the European experience of war and fascism; dissident portrayals of the Soviet Union as state-capitalist; post-Second World War theories of state-monopoly capitalism in the Western Bloc; examinations of state capitalism as a development strategy in ‘Third World’ nations in the 1970s and 1980s; and finally, today’s scholarship on new patterns of state capitalism in emerging economies. Having contextualized each of these strands of writing, the article goes on to interrogate definitional and conceptual boundaries of state capitalism. It then maps out essential institutional features of state-capitalist configurations as construed in the literature. In sharp contrast to 20th-century theories of state capitalism, present-day scholarship on the topic tends to retreat from the integrated critique of political economy, shifting its problematics of state-market relations to meso- and micro-levels of analysis.
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NUK, OILJ, SAZU, UKNU, UL, UM, UPUK
Can the introduction of the Internet undermine incumbent power in a semi-authoritarian regime? I examine this question using evidence from Malaysia, where the incumbent coalition lost its 40-year ...monopoly on power in 2008. I develop a novel methodology for measuring Internet penetration, matching IP addresses with physical locations, and apply it to the 2004 to 2008 period in Malaysia. Using distance to the backbone to instrument for endogenous Internet penetration, I find that Internet exposure accounts for 6.6 points, nearly half the swing against the incumbent party in 2008. I find limited evidence of increased turnover, and no evidence of an effect on turnout.
•Explore whether the introduction of the Internet can undermine incumbent power in a semi-authoritarian regime.•Examine the effect of Internet growth on the 2004 and 2008 elections in Malaysia.•Use IP geolocation data as a measure of Internet access.•Use distance to the backbone to instrument for endogenous Internet penetration.•Find that Internet access growth accounts for one-third of the 11% swing against the incumbent party in 2008.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UL, UM, UPCLJ, UPUK
