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(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
Persistent link: https://www.econbiz.de/10010498486
(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
Persistent link: https://www.econbiz.de/10010188722
Persistent link: https://www.econbiz.de/10003522605
We introduce consumers with intrinsic privacy preferences into the monopolistic non-linear pricing model. Next to classical consumers, there is a share of data-sensitive consumers who incur a privacy cost if their purchase reveals information to the monopolist. The monopolist discriminates...
Persistent link: https://www.econbiz.de/10013191335
valuations for quality but by image concerns. A typical monopoly outcome is a two-tier product line resembling a "masstige … but monopoly can yield higher welfare than competition. …
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I analyze a model of directed search in which a consumer inspects a finite number of products sharing attributes with each others. The consumer discovers her valuation for the attributes of the inspected products and adapts her search strategy based on what she has learned. The consumer...
Persistent link: https://www.econbiz.de/10014566747
We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms offer two-part tariffs consisting of a linear price and lump-sum fee. The equilibrium production is socially efficient as the linear price of equilibrium two-part tariffs equals to...
Persistent link: https://www.econbiz.de/10012672138