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In nonlinear pricing environment with correlated types, we characterize optimal selling mechanisms when buyers could form a coalition to coordinate their reports and to arbitrage on the goods. We find that when the types of agents are weakly positively correlated, the optimal weakly...
Persistent link: https://www.econbiz.de/10011260879
Persistent link: https://www.econbiz.de/10009647384
We examine the impact of multiproduct nonlinear pricing on profit, consumer surplus and welfare in a duopoly. When consumers buy all their products from one firm (the one-stop shopping model), nonlinear pricing leads to higher profit and welfare, but often lower consumer surplus, than linear...
Persistent link: https://www.econbiz.de/10005619299
show that actual pricing schemes have little to do with theoretical efficiency results. In particular, there are very few …
Persistent link: https://www.econbiz.de/10005622090
This paper considers the screening problem faced by a monopolist of a network good in a general setting. We demonstrate that the joint presence of asymmetric information and network externalities revise the "no distortion on the top" and "one-way distortion" principle. The pattern of consumption...
Persistent link: https://www.econbiz.de/10011107904
In the paper, the fundamental question is under what conditions loyalty discounts and rebates adopted by a dominant firm cause anti-competitive effects. Fidelity schemes, although extremely frequent in the market, if applied by a dominant firm, are likely to be judged as illegal per se, as...
Persistent link: https://www.econbiz.de/10011109240
This paper considers an entry-deterring nonlinear pricing problem faced by an incumbent firm of a network good. The analysis recognizes that the installed user base/network of incumbent monopolist has preemptive power in deterring entry if the entrant’s good is incompatible with the...
Persistent link: https://www.econbiz.de/10011112623
-best efficiency, and arbitrage calls for further distortion. Moreover, we show that the distortionary patterns are quite different for … of collusion-proof efficiency is strictly lower than the second-best level as positive correlation goes to zero. Allowing …
Persistent link: https://www.econbiz.de/10011113604
motivated both by efficiency arguments and by redistributive objectives. Nonlinear pricing and related topics are discussed in …
Persistent link: https://www.econbiz.de/10011114310
establish an accurate risk-return ratio. The efficiency of banks involved in the shipping industry is particularly important … shipping companies. This paper presents an effort to assess the shipping banks’ efficiency, and the determination of those … factors which affect their technical efficiency, through the application of Data Envelopment Analysis. The results of this …
Persistent link: https://www.econbiz.de/10011210480