142_14 - of the ban. Second, in the special case, in the...

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Note that we’re specifically drawing demand curve for one person, where before we were agnostic about whether it was one person consuming more units or more people consuming a single unit. Talk about AOL decision to switch to flat monthly fee. 2
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Note that we’re specifically drawing demand curve for one person, where before we were agnostic about whether it was one person consuming more units or more people consuming a single unit. Talk about AOL decision to switch to flat monthly fee. 3
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Having identified these two opposing forces in the absence of competition, adding both downstream and upstream competition makes the analysis more complex (see e.g., Holmes, 1989, Armstrong and Vickers, 2001, Stole, 2007. . For multiple oligopolistic retailers and manufacturers, whether banning wholesale price discrimination leads to lower or higher welfare is ambiguous and remains an empirical question. There is an extreme case and a special case each worth noting. First, in the extreme case, if there is perfect upstream competition, there is no welfare effect
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