Similar Search Results

Chi, Woody Chih-yi - Econometric Society - 2004

New technology is usually expensive and it takes time for manufacturers to make the technology more accessible. In the stereo industry, the first Super Audio Compact Disk (SACD) player made by Sony, SCD-1, sold for $5,000 in 1999; in 2002 the cheapest of Sony's new SACD players, SCD-CE775, had a...

Persistent link: https://www.econbiz.de/10005342349

Screening Contracts in the Presence of Positive Network Effects

Csorba, Gergely - Econometric Society - 2004

Based on the critical assumption of strategic complementarity, this paper builds a general model to describe and solve the screening problem faced by the monopolist seller of a network good. By applying monotone comparative static tools, we demonstrate that the joint presence of asymmetric...

Persistent link: https://www.econbiz.de/10005063713

Price screening with network effects and entry deterrence

Sundararajan, Arun - Econometric Society - 2004

This paper presents a model of price screening for goods with network effects, by a monopoly seller, and by an entry-deterring monopolist. These products are used in variable quantities by heterogeneous customers, the magnitude of network effects is influenced by gross consumption, rather than...

Persistent link: https://www.econbiz.de/10005702636

Durable Goods Monopoly with Endogenous Quality

Hahn, Jong-Hee - Econometric Society - 2004

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...

Persistent link: https://www.econbiz.de/10005702698

Why is on-net traffic cheaper than off-net traffic? Access markup as a collusive device and a barrier to entry.

Vagstad, Steinar; Gabrielsen, Tommy Staahl - Econometric Society - 2004

Received literature have shown that if competing networks are restricted to linear and uniform pricing, high access charges can facilitate collusion; a result that breaks down if we allow for non-linear and discriminatory pricing, however. We show that by adding unbalanced calling pattern to the...

Persistent link: https://www.econbiz.de/10005702527

Divide et Impera. Optimnal Deterrence Mechanisms Against Cartels and Organized Crime

Spagnolo, Giancarlo - Econometric Society - 2004

Leniency programs reduce sanctions for law violators that self-report. We focus on their ability to deter cartels and organized crime by increasing incentives to "cheat" on partners. Optimally designed "courageous" leniency programs reward the first party that reports with the fines paid by all...

Persistent link: https://www.econbiz.de/10005329023

Convergence of Nonlinear Pricing Mechanisms to Optimal Auction Mechanisms with Applications to Optimal Auctions for Heterogeneous Objects

Kazumori, Eiichiro - Econometric Society - 2004

In this paper I first present a new convergence result which will derive an optimal auction mechanism as a limit of standard nonlinear pricing mechanisms. For example, an optimal auction mechanism of Myerson (1981) will be explicitly derived as a limit of nonlinear pricing mechanisms by Mussa...

Persistent link: https://www.econbiz.de/10005130198

Inter-temporal Price Discrimination with Time Inconsistent Consumers

Sarafidis, Yianis - Econometric Society - 2004

This paper looks at the inter-temporal price discrimination game that arises when a monopolist faces naïve-time-inconsistent consumers. En route to solving this game, we introduce two new solution concepts for dynamic games where some players are time inconsistent. The first solution concept is...

Persistent link: https://www.econbiz.de/10005342205

Foundations of Dominant Strategy Mechanisms

Ely, Jeffrey C.; Chung, Kim-Sau - Econometric Society - 2004

Wilson (1987) criticizes the existing literature of game theory as relying too much on common-knowledge assumptions. In … mechanisms. However, there has been little theory behind this approach. In particular, it has not been made clear why employing … filling this void. We propose a potential theory, known as the {\it maxmin} theory, which postulates that a {\it cautious …

Persistent link: https://www.econbiz.de/10005342273

Durable Goods Monopoly with Quality Improvements over Time

Biglaiser, Gary; Anton, James J. - Econometric Society - 2004

We examine a dynamic, durable goods model. A monopolist faces two types of consumers who value the monopolist’s goods differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous improvements. In each period, the monopolist can...

Persistent link: https://www.econbiz.de/10005328983

1
2
3
4
5
6
7
8
Next
Last