Weitere Kapitel dieses Buchs durch Wischen aufrufen
Up to now, the dimension of power has been missing from our analysis. We have imagined an economic world in which individuals and organizations compete for their advantage, but their choices have all been about themselves—how to produce more efficiently, what to purchase, and so on. Now we take the next step and consider situations in which competitors act strategically to dominate or exploit others. We will do this using two models, one portraying the power to control prices in order to gain higher profits, the other the power that results from having a superior bargaining position. The first will be taken up in this chapter, and bargaining will be examined in Chap. 14. Taken together, they provide the beginning of an explanation of how a system based on free choice in the marketplace can result in concentrations of wealth and power.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
To see for yourself the relationship between the slope of the demand curve and the slope of MR, substitute different quantity figures in Table 13.2 and see how they affect your calculation of MR. For instance, instead of letting the quantity sold rise by 1 unit with each $1 reduction in price, let it rise by 2 units, then calculate total revenue and the change in total revenue from one price to the next. Graph the old and new pair of AR and MR curves.
- Monopoly Power
- Springer Berlin Heidelberg
Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Rombach Rechtsanwälte/© Rombach Rechtsanwälte