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For many goods (such as experience goods or addictive goods), consumers' preferences may change over time. In this paper, we examine a monopolist's optimal pricing schedule when current consumption can affect a consumer's valuation in the future and valuations are unobservable. We assume that...
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This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368
We study the optimal contract choice of an upstream monopolist producing an essential input that may sell to two vertically differentiated downstream firms. The upstream supplier can offer an exclusive contract to one of the firms or non-exclusive contracts to both firms. Each of the latter can...
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We consider a software vendor first selling a monopoly platform and then an application running on this platform. He …
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The paper analyzes a durable goods monopoly problem in which multiple varieties can be sold. A robust Coase conjecture …
Persistent link: https://www.econbiz.de/10012936389
explicitly accounts for monopoly power in manipulating quality choices. The example provided illustrates the potential for …
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