When there are interpersonal effects on demand, and consumer selection is not allowed, a monopolist may benefit from the entry of a competitor, which increases the value of its product, by separating consumers into different groups.
Competition (sorting effect) may favour a monopolist / M. Alderighi. - In: JOURNAL OF ECONOMICS. - ISSN 0931-8658. - 98:3(2009), pp. 247-255. [10.1007/s00712-009-0095-6]
Competition (sorting effect) may favour a monopolist
M. Alderighi
2009
Abstract
When there are interpersonal effects on demand, and consumer selection is not allowed, a monopolist may benefit from the entry of a competitor, which increases the value of its product, by separating consumers into different groups.
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