I have just presented my paper Incorporating Cost Efficiencies into Upward Pricing Pressure at the Missouri Valley Economic Association Conference 2017. I received some wonderful feedback and constructive criticism. A special thanks to Prof. Jannett Highfill from Bradley University for her insightful comments. Next presentation will be on November 8th in which I will offer a seminar at The … Continue reading Missouri Valley Economic Association Conference 2017
Limit Pricing is a fascinating yet widely unexplored concept in economics classes. When teaching our students about how monopolists and/or firms with market power make their decision regarding output and prices, it usually follows a simple premise - firms choose the level of output to maximize profits, which occurs where marginal revenue equals marginal cost, … Continue reading Should Antitrust Agencies be Concerned about Limit Pricing?