Suggestions(2)
Exact(2)
Firstly, if regulators are purely concerned about travellers' welfare, they should encourage the use of publicly owned transport companies, as they normally weigh consumer surplus more greatly (higher γ) than privately owned firms.
One unambiguous result is, however, that when the firms are purely concerned about profits and revenues (γ = 0), greater weight put on revenues leads to more significant price changes when the firms start to collude and when they start to compete in quantities rather than prices and vice-versa.
Similar(58)
Change in concern: Would you be more concerned or less concerned about your screening test result?
Concerned about verbal?
Concerned about privacy?
Elmo's concerned about adulthood?
Concerned about airborne exposures?
Concerned about your chickens?
I'm concerned about that".
Concerned about inflammation?
Concerned about skirt length?
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Justyna Jupowicz-Kozak
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