
Sustainability in a Multiproduct and Multiple Agent Contestable Market
Iehlé, Vincent (2009), Sustainability in a Multiproduct and Multiple Agent Contestable Market, Bulletin of Economic research, 61, 2, p. 151-164. http://dx.doi.org/10.1111/j.1467-8586.2009.00308.x
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Type
Article accepté pour publication ou publiéDate
2009Journal name
Bulletin of Economic researchVolume
61Number
2Publisher
Blackwell
Pages
151-164
Publication identifier
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Show full item recordAbstract (EN)
We prove that a natural monopoly can set subsidy free pricing and sustainable pricing schedules in general economic environment. The setting is a multiproduct and multiple agent contestable market where demands are elastic and where rivals can enter the sub-markets composed by a set of the products line and a set of agents. Our results suggest that the existence results of the extant literature admit analogues even in an environment where rivals have enlarged possibilities to enter the market and where demands react to prices. The approach makes use of cooperative games to deduce the main results under conditions of fair sharing cost, threshold in the consumption and regularity of the profit function.Subjects / Keywords
Subsidy Free Princing; Existence Result; Cooperative game; Sustainability; Natural monopolyRelated items
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