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The Sale of Durable Goods by a Monopolist in a Stochastic Environment

This paper examines the sale of durable goods by a monopolist in a stochastic partil equilibrium setting. It analyzes the responses of prices and output to various types of shocks and notes the differences with non-durable goods and competitive markets. It shows that behavior in this model with constant marginal costs of production is in many respects similar to behavior under perfect competition with increasing marginal costs.
Year of publication:
1998
Authors: Srour, Gabriel
Institutions: Bank of Canada
Subject: Market structure and pricing
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Type of publication: Book / Working Paper
Notes:
40 pages
Classification: D4 - Market Structure and Pricing
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Persistent link: https://www.econbiz.de/10005673275
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