Price Discrimination in Quantity Setting Oligopoly PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Price Discrimination in Quantity Setting Oligopoly PDF full book. Access full book title Price Discrimination in Quantity Setting Oligopoly by Rajnish Kumar. Download full books in PDF and EPUB format.
Author: Rajnish Kumar Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We analyze a two-stage quantity setting oligopolistic price discrimination game. In the first stage, firms choose capacities and in the second stage they simultaneously choose the share that they assign to each segment. At the equilibrium, the firms focus more on the high-valuation customers. When the capacities in the first stage are endogenous, the deadweight loss does not vanish with the level of price discrimination, as it does in one-stage games and monopoly. Moreover, the quantity-weighted average price increases with the level of price discrimination as opposed to the established results in the literature for one-stage games.
Author: Rajnish Kumar Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We analyze a two-stage quantity setting oligopolistic price discrimination game. In the first stage, firms choose capacities and in the second stage they simultaneously choose the share that they assign to each segment. At the equilibrium, the firms focus more on the high-valuation customers. When the capacities in the first stage are endogenous, the deadweight loss does not vanish with the level of price discrimination, as it does in one-stage games and monopoly. Moreover, the quantity-weighted average price increases with the level of price discrimination as opposed to the established results in the literature for one-stage games.
Author: Francis K. Cheung Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper analyses the output effect of price discrimination in a Cournot oligopoly where firms have different costs. Criteria which are based on the demand curves but not on the industry cost structure are developed to determine the direction of output change. Such criteria may provide an analytical basis for assessing regulatory cases and developing empirical propositions in testing the social impact of oligopolistic price discrimination.
Author: Xavier Vives Publisher: MIT Press (MA) ISBN: 9780262220606 Category : Business & Economics Languages : en Pages : 446
Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Author: James D. Dana Jr Publisher: ISBN: Category : Game theory Languages : en Pages : 46
Book Description
This paper develops an oligopoly model in which firms first choose capacity and then compete in prices in a series of advance-purchase markets. We show that when the elasticity of demand falls across periods, strong competitive forces prevent firms from utilizing intertemporal price discrimination. We then enrich the model by allowing firms to use inventory controls, or sales limits assigned to individual prices. We show that competing firms can profitably use inventory controls. Thus, although typically viewed as a tool to manage demand uncertainty, we show that inventory controls can also facilitate price discrimination in oligopoly.
Author: Markus Dertwinkel-Kalt Publisher: ISBN: 9783863043353 Category : Languages : en Pages :
Book Description
We analyze oligopolistic third-degree price discrimination relative to uniform pricing, when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index under uniform pricing is equal to the weighted harmonic mean of the firm's relative margins under discriminatory pricing. Uniform pricing then decreases average prices and raises consumer surplus. We provide an intriguingly simple approach to calculate the consumer surplus gain from uniform pricing only based on market data of the discriminatory equilibrium (prices and quantities).
Author: Frederic M. Scherer Publisher: Chicago : Rand McNally College Publishing Company ISBN: Category : Business & Economics Languages : en Pages : 186
Author: Rajnish Kumar
Author: Rajnish Kumar
Author: Francis K. Cheung
Author: Xavier Vives
Author: James D. Dana Jr
Author: Mark Harrison
Author: Tommaso M. Valletti
Author: Markus Dertwinkel-Kalt
Author: Martin Shubik
Author: Thomas Joseph Holmes
Author: Frederic M. Scherer