Article Abstract:
A monopsonist-supplier model is studied in which each party has its own technology for production and the supplier may use its own or be required to adopt the buyerEs technology. The choice of technology determines the informed party since the efficiency of each technology is unknown to the other party. The study finds that buyerEs technology reduces incentives to misrepresent on both sides, and usually the lesser efficient technology is adopted in the optimal contract.
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Article Abstract:
The impact of a newspaper industry monopoly was assessed in terms of its effects on pricing and efficiency. The existence of a monopoly under a market with standardized products results to a higher production output and lower newspaper price. Advertising profits also rise under a monopolized newspaper industry as the circulation of newspaper increases. Such phenomenon results due to the dual product space confronting the newspaper proprietor.
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Article Abstract:
Small- and medium-scale enterprises are believed to benefit the most from information technology (IT). This explains the widespread use of IT by small businesses, particularly in developed countries. Among less developed economies, the use of IT is still not as widespread as in developed countries. However, as in the case of India's electrical and electronic industries, IT plays an important role in the success of many companies.
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