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The Limits of Price Discrimination
Bergemann, Dirk - 2013
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013082002
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2020
We study the classic sequential screening problem in the presence of ex post participation constraints. We establish necessary and sufficient conditions that determine when the optimal selling mechanism is either static or sequential. In the static contract, the buyers are not screened with...
Persistent link: https://www.econbiz.de/10012837749
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Third-Degree Price Discrimination Versus Uniform Pricing
Bergemann, Dirk - 2020
We compare the revenue of the optimal third-degree price discrimination policy against a uniform pricing policy. A uniform pricing policy offers the same price to all segments of the market. Our main result establishes that for a broad class of third-degree price discrimination problems with...
Persistent link: https://www.econbiz.de/10012841325
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2017
We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012954382
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2017
We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012962543
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2019
We study the classic sequential screening problem in the presence of ex-post participation constraints. We establish necessary and sufficient conditions that determine exhaustively when the optimal selling mechanism is either static or sequential. In the static contract, the buyers are not...
Persistent link: https://www.econbiz.de/10012866350
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The Limits of Price Discrimination
Bergemann, Dirk - 2014
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013055412
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The Limits of Price Discrimination
Bergemann, Dirk - 2014
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination." We...
Persistent link: https://www.econbiz.de/10013046768
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The Limits of Price Discrimination
Bergemann, Dirk - 2013
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013079627
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Informative Advertising in a Monopoly with Network Externalities
Valei, Azamat - 2017
consumers face imperfect information and therefore must search to realize their actual willingness to pay for the good. A firm … of the externality. Finally, depending on the value of the search cost and type of network externality, a monopolist may … product characteristics. Specifically, if all consumers have the same search cost, as the search cost grows the firm must …
Persistent link: https://www.econbiz.de/10012950333