Making monopoly profits and price discrimination on food commodity markets

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Making monopoly profits and price discrimination on food commodity markets

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Making monopoly profits and price discrimination on food commodity markets

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

463-470

Název nakladatele

PEF ČZU v Praze

Místo vydání

Praha

Místo konání akce

Prague

Datum konání akce

16. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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