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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

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

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

Private hospitals in Australia

Commission, Productivity - EconWPA - 2001

industry’s financial performance, efficiency and quality of service (though it does not attempt to benchmark private hospitals …

Persistent link: https://www.econbiz.de/10005134599

Payment systems efficiency, policy approaches, and the role of the central bank

Khiaonarong, Tanai - EconWPA - 2004

efficiency in different countries and under alternative policy approaches. The key findings are as follows. First, strong scale … subsidisation was also evident in a survey of thirty-one payment systems. Second, the minimalist approach was more efficiency … important policy tools that the central bank may adopt to improve the technical and economic efficiency of payment systems. …

Persistent link: https://www.econbiz.de/10005134703

TECHNICAL ANALYSIS ON FOREIGN EXCHANGE: 1975 - 2004

Rubio, Fernando - EconWPA - 2004

The aim of this paper is to determine the potential profitability of technical analysis applied on the foreign exchange market. Eight simple rules of trading are tested in five markets. Only long positions are tracked and reported. When neither commissions nor indexation are included in the...

Persistent link: https://www.econbiz.de/10005134787

Efficiency of Islamic Banks: an Empirical Analysis of 18 Banks

Yudistira, Donsyah - EconWPA - 2004

performance of 18 Islamic banks over the period 1997-2000. Unlike previous studies, this paper is based on efficiency measurement … slight inefficiencies during the global crisis 1998-9. Efficiency differences across the sample data appear to be mainly …

Persistent link: https://www.econbiz.de/10005134802