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Pricing and Diffusion of Durables with Network Externalities

Hattori, Keisuke; Zennyo, Yusuke - 2018

This paper considers the optimal pricing and diffusion of a durable good that exhibits positive network externalities, when consumers are heterogeneous with respect to their expectations about future network sizes. We consider the existence of naive consumers, as well as of sophisticated...

Persistent link: https://www.econbiz.de/10015260006

Heterogeneous Consumer Expectations and Monopoly Pricing for Durables with Network Externalities

Hattori, Keisuke; Zennyo, Yusuke - 2018

This paper studies the optimal pricing and diffusion of durable goods that exhibit positive network externalities, when consumers are heterogeneous in their expectations about future network sizes. We consider the existence of naive consumers, as well as of sophisticated consumers having...

Persistent link: https://www.econbiz.de/10015262025

Monopoly Pricing when Consumers are Antagonized by Unexpected Price Increases: A "Cover Version" of the Heidhues-Koszegi-Rabin Model

Spiegler, Ran - 2010

This paper reformulates and simplifies a recent model by Heidhues and Koszegi (2005), which in turn is based on a behavioral model due to Koszegi and Rabin (2006). The model analyzes optimal pricing when consumers are loss averse in the sense that an unexpected price hike lowers their...

Persistent link: https://www.econbiz.de/10015220857

Welfare Implications of Sequential Entry with Heterogeneous Firms

Hattori, Keisuke; Yamada, Mai - 2020

Does free entry result in the socially preferred order of market entry for heterogeneous firms? This paper examines the welfare effects of sequential market entry by using a simple entry-deterrence model with heterogeneities in fixed and variable production costs among firms. In particular, we...

Persistent link: https://www.econbiz.de/10015221631

Comparing Monopoly and Duopoly on a Two-Sided Market without Product Differentiation

Böhme, Enrico; Müller, Christopher - 2010

We propose both a monopoly and a duopoly model of a two-sided market. Both settings are fully comparable, as we impose … sizes. We determine the duopoly equilibrium and the monopoly optimum in terms of the parameters and obtain solutions with … economically plausible parameter sets for which duopoly equilibrium prices exceed optimal monopoly prices and one with no …

Persistent link: https://www.econbiz.de/10015222157

Price-Increasing Competition on Two-Sided Markets with Homogeneous Platforms

Böhme, Enrico; Müller, Christopher - 2010

platform operators is identical in monopoly and duopoly. Nevertheless, total demand on both market sides in the duopoly market … exceeds total demand in the monopoly market. Furthermore, even though there is no observable price effect, there is still a … competitive effect that becomes manifest in total duopoly equilibrium profits being strictly smaller than monopoly profits. The …

Persistent link: https://www.econbiz.de/10015224397

All solution graphs in multidimensional screening

Kokovin, Sergey; Nahata, Babu; Zhelobodko, Evgeny - 2010

We study general discrete-types multidimensional screening without any noticeable restrictions on valuations, using instead epsilon-relaxation of the incentive-compatibility constraints. Any active (becoming equality) constraint can be perceived as "envy" arc from one type to another, so the set...

Persistent link: https://www.econbiz.de/10015226411

Welfare Implications of Sequential Entry with Heterogeneous Firms

Hattori, Keisuke; Yamada, Mai - 2020

Persistent link: https://www.econbiz.de/10015227189

Competition, Technocracy and Inequality

Paul, Cocioc - 2020

The article present a brief analyze of theoretical virtues of free competition in relation with some visible limits and negative consequences observed in real economic life. Social intervention to correct (at least in part) those social failures and the new responses of the firms are discussed...

Persistent link: https://www.econbiz.de/10015228251

The monopoly benchmark on two-sided markets

Mueller, Christopher; Boehme, Enrico - 2011

all platforms or a “pure” monopoly with just one platform. Literature has not generally discussed, which benchmark is the …

Persistent link: https://www.econbiz.de/10015229512