Spatial Price Discrimination and Mill Pricing: Hypermobile Multiplant Monopoly
挑战了空间价格歧视优于出厂定价的传统观点,通过考虑相邻企业的空间垄断模型,发现出厂定价在产出、价格和福利方面表现更优。
For almost two decades a literature has accumulated claiming that a monopolist can have better performance in terms of output, price, and welfare if it employs spatial price discrimination rather than mill pricing. This view is, however, based on the notion of a spatially isolated firm. This paper offers an alternative view of spatial monopoly where firms are contiguous under both pricing schemes and shows how this approach yields findings in favor of mill pricing. Copyright 1991 by Blackwell Publishing Ltd.