Making monopoly profits and price discrimination on food commodity markets

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F15%3A68884" target="_blank" >RIV/60460709:41110/15:68884 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Making monopoly profits and price discrimination on food commodity markets
Original language description
A model of monopoly in the food sector assumes a single firm on the market, which produces and offers a unique (homogeneous) product, for which there are no close substitutes. The firm takes into account only the expected behavior on the demand side (consumers), because there are no competitive firms in the industry. An impossibility of access to a particular market is associated with the so-called barriers of entry into the industry. The barriers then become a source of monopoly power. The fact that amonopoly firm has a certain monopoly power allows it to use a pricing strategy called price discrimination. The essence of price discrimination is to gain consumer surplus and convert it into additional profit for the company without having to take the costs into consideration. Second-degree price discrimination consists of setting different prices for different cumulative quantities of a commodity. By this discrimination a monopoly may obtain a part of the consumer surplus (but not all
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Agrarian Perspectives XXIV. ? Global Agribusiness and Rural Economy
ISBN
978-80-213-2581-4
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
463-470
Publisher name
PEF ČZU v Praze
Place of publication
Praha
Event location
Prague
Event date
Sep 16, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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