Pacman Refutes the Coase Conjecture PDF Download

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Pacman Refutes the Coase Conjecture

Pacman Refutes the Coase Conjecture PDF Author: Mark Bagnoli
Publisher:
ISBN:
Category : Game theory
Languages : en
Pages : 18

Book Description

Durable Goods Monopoly with Entry of New Consumers

Durable Goods Monopoly with Entry of New Consumers PDF Author: Joel Sobel
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description

Durable Goods Monopoly with Uninformed Consumers

Durable Goods Monopoly with Uninformed Consumers PDF Author: Joseph Emmett Harrington
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

Book Description

Pacman Refutes the Coase Conjecture

Pacman Refutes the Coase Conjecture PDF Author: Mark Bagnoli
Publisher:
ISBN:
Category : Game theory
Languages : en
Pages : 18

Book Description

Durable Goods Monopoly with Uninformed Consumers

Durable Goods Monopoly with Uninformed Consumers PDF Author: Joseph Emmett Harrington
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 34

Book Description

Durable Goods Monopoly with a Finite But Uncertain Number of Consumers

Durable Goods Monopoly with a Finite But Uncertain Number of Consumers PDF Author: David W. Majerus
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 15

Book Description

Strategic buyers in a durable goods monopoly

Strategic buyers in a durable goods monopoly PDF Author: Giuseppe Colangelo
Publisher:
ISBN:
Category :
Languages : it
Pages : 11

Book Description

Reputation in Bargaining and Durable Goods Monopoly

Reputation in Bargaining and Durable Goods Monopoly PDF Author: Stanford University. Institute for Mathematical Studies in the Social Sciences
Publisher:
ISBN:
Category :
Languages : en
Pages : 61

Book Description

Durable Goods Monopoly and Futures Markets

Durable Goods Monopoly and Futures Markets PDF Author: Ronald W. Anderson
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 44

Book Description

Differentiated Durable Goods Monopoly

Differentiated Durable Goods Monopoly PDF Author: Francesco Nava
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 46

Book Description
The paper analyzes a durable good monopoly problem in which multiple varieties can be produced and sold. A robust Coase conjecture establishes that the market eventually clears, that profits exceed static optimal market-clearing profits, and that profits converge to this lower bound in all stationary equilibria when prices can be revised instantaneously. In contrast to the one-variety case though, equilibrium pricing is neither efficient nor minimal (that is, equal to the maximum between marginal cost an the minimal value). Conclusions apply even when products can be scrapped albeit at possibly smaller mark-ups. If so, a novel motive for selling high cost products naturally emerges. Moreover, with positive marginal costs, cross-subsidization arises as a result of equilibrium pricing. The online appendix delivers insights on product design.

Durable Goods Monopoly with Privately Known Impatience

Durable Goods Monopoly with Privately Known Impatience PDF Author: Werner Güth
Publisher:
ISBN:
Category :
Languages : en
Pages : 23

Book Description

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