Markets of Joint Products: Theoretical Model and Policy Implicationsстатья
Статья опубликована в журнале из списка RSCI Web of Science
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Статья опубликована в журнале из перечня ВАК
Статья опубликована в журнале из списка Web of Science и/или Scopus
Дата последнего поиска статьи во внешних источниках: 12 мая 2021 г.
Аннотация:The article considers the phenomenon of price behavior on markets of joint products. It is shown that conclusions about the nature of economic entities' behavior on this kind of markets could be inaccurate if their characteristics such as joint costs and correlation of demand conditions on markets mentioned are not taken into account. For this purpose a theoretical model, built according to basic microeconomic principles, is applied. It provides an opportunity to reveal - without further new institutional analysis - that the reason for price deviation from a competitive level does not always lie in actions restricting competition.