Original language | English |
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Title of host publication | Encyclopedia of Law and Economics |
Editors | Alain Marciano, Giovanni Battista Ramello |
Place of Publication | New York, NY |
Publisher | Springer New York |
Publication date | 2021 |
ISBN (Print) | 9781461478836 |
DOIs | |
Publication status | Published - 2021 |
Excessive Pricing
Research output: Chapter in Book/Report/Conference proceeding › Encyclopedia chapter › Research › peer-review
Excessive Pricing categorizes a situation where a dominant undertaking, often a legal monopolist, is able to reap supra-competitive profits, not being sufficiently challenged by normal forces of competition. The supra-competitive profits are thought to produce deadweight losses and allocative in-efficiencies as well as harm to consumers in form of undue wealth transfer.
ID: 281990891