This paper examines the dynamic pricing problem of a durable-good monopolist when product quality is endogenous. It is … shown that the relationship between the firm's quality choice and the time-inconsistency problem crucially depends on how … the unit production cost varies with quality. The monopolist may use quality as a strategic commitment device to eliminate …

market is monopoly, and study the quality decision and the pricing of the durable goods monopolist whose first …-generation product has higher quality than the second-generation one, which is not available at the time the first-generation product is … intertemporal quality discrimination. Our analysis focuses on whether the monopolist would produce goods with qualities higher than …

the intensity of network effects, and that a discriminating monopoly may supply larger quantities for all consumers than a …

This paper presents a model of price screening for goods with network effects, by a monopoly seller, and by an entry …

methodology to distinguish between these two explanations. The methodology rests on the learning-by-doing and the changes in the …

the information and learning dynamics between the Federal Reserve and a representative investor. Stock prices react to …

differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous … from an initial level and then the low types will “catch-up” to the quality distance at the beginning of a cycle. This …

to quantity and quality of the good consumed. Disposition is determined by customers’ perception of firm’s pricing … and quality decisions, which perception is ‘reference dependent’. The profit maximising and efficient price and … quality combinations are derived. Adjustment to a change in economic conditions may call for price rigidity, quality rigidity …

findings by embedding signaling within a model of multi-product price competition. …

-convexities in the firm's unit cost as a function of product quality. Extending the model of Mussa and Rosen (1978), this paper …" in its optimal quality choice. When the firm is only permitted to offer a limited number of quality levels (due to … possible fixed costs associated with offering each quality), the optimal location of quality levels still lies within those …