X-Nico

unusual facts about market power



Cellophane paradox

In research on the du Pont company arising from his PhD dissertation, Willard F. Mueller and co-author George W. Stocking, Sr. pointed out the error of mistaking a monopolist's inability to exercise market power by raising price above the current price for an inability to have already exercised market power by raising price significantly above the competitive price.

Construction delay

Economic historian Robert E. Wright argues that construction delays are caused by bid gaming, change order artistry, asymmetric information, and post contractual market power.


see also