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Optimal Selling Mechanisms for Multiproduct Monopolists: Incentive Compatibility in the Presence of Budget Constraints.

Monteiro, Paulo Klinger; Frank H. Page Jr. - EconWPA - 1996

We demonstrate the existence of an optimal, individually rational, and incentive compatible selling mechanism for a multiproduct monopolist facing a market populated by consumers with budget constraints. Our main contribution is to show via examples and our existence result that, in general,...

Persistent link: https://www.econbiz.de/10005135131

SELF-SELECTION UNDER NON-ORDERED VALUATIONS: TYPE-SPLITTING, ENVY-CYCLES, RATIONING AND EFFICIENCY

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

We analyze self-selection problem when valuations are non-ordered. The corresponding package-pricing solution has specific graph structure. It is helpful in deriving weak su±cient conditions for both partial e±ciency and Pareto-e±ciency. Unlike the ordered valuations case, Pareto e±ciency is...

Persistent link: https://www.econbiz.de/10005556519

Managing Digital Piracy: Pricing, Protection and Welfare

Sundararajan, Arun - EconWPA - 2003

This paper analyzes the optimal choice of pricing schedules and technological deterrence levels in a market with digital piracy, when legal sellers can sometimes control the extent of piracy by implementing digital rights management (DRM) systems. It is shown that the seller's optimal pricing...

Persistent link: https://www.econbiz.de/10005561013

Three principles of competitive nonlinear pricing

Page, Frank H.; Monteiro, Paulo Klinger - EconWPA - 2002

We make three contributions to the theory of contracting under asymmetric information. First, we establish a competitive analog to the revelation principle which we call the implementation principle. This principle provides a complete characterization of all incentive compatible, indirect...

Persistent link: https://www.econbiz.de/10005118626

Package Sizes, Tariffs, Quantity Discount and Premium

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

- selection is neither unambigously realted to efficiency nor to the degree of monopoly power (demand elasticity). We also show …

Persistent link: https://www.econbiz.de/10005119424

Nonlinear pricing of information goods

Sundararajan, Arun - EconWPA - 2003

This paper analyzes optimal pricing for information goods under incomplete information, when both unlimited-usage (fixed-fee) pricing and usage-based pricing are feasible, and administering usage-based pricing may involve transaction costs. It is shown that offering fixed- fee pricing in...

Persistent link: https://www.econbiz.de/10005561446

Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria

Bhaskar, V.; To, Ted - EconWPA - 2000

discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …

Persistent link: https://www.econbiz.de/10005076900

Advertising, Pricing & Market Structure in Competitive Matching Markets

Bataille, Edner; Julien, Benoit - EconWPA - 2005

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...

Persistent link: https://www.econbiz.de/10005076903

DO EXTERNAL FUNDS YIELD LOWER RETURNS ? RECENT EVIDENCE FROM EAST ASIAN ECONOMIES

Pal, Sarmistha; Driffield, Nigel - EconWPA - 2003

Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...

Persistent link: https://www.econbiz.de/10005076952

Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data

LOS, CORNELIS A. - EconWPA - 2004

The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …

Persistent link: https://www.econbiz.de/10005076962