The problem of bilateral monopoly
has received much attention over the last 150 or so years.
Standard doctrine relies on familial bonds and the unilateral right of partition to mitigate the problem of bilateral monopoly
and to foster cooperation in the management of the tenants' common resource.
Edgeworth, had developed isolated exchange theories that were relevant to the early bilateral monopoly
models of A.
Probably, the idea was to limit the government's dependence on the tobacco company and diversify the government creditors and be out of a bilateral monopoly
These "Coasean markets" are in fact a form of bilateral monopoly
He then examines the elements necessary for any assemblage conclusion of highest and best use, including market value, bilateral monopoly
, and the reasonably probable aspect of highest and best use.
For those farmers who had contentious negotiations with the Board, disputes centered on three issues: valuation of property, bilateral monopoly
, and third-party effects.
That suggests a move to a bilateral monopoly
, and economists will tell you that a bilateral monopoly
is not necessarily more efficient than a monopsony.
Perhaps the major problem was the bilateral monopoly
between hospitals and purchasers.
And as is well known, the outcome of bargaining in a bilateral monopoly
differs from that when the two sides have competitors to whom a disappointed party could switch.
This judgment is based on analyses of bilateral monopoly
models, within which profit may be redistributed to the benefit of all channel members.
I still remember a wonderful lecture on bilateral monopoly
that Paul gave in 1958 during my second semester at MIT.