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When a durable good of uncertain quality is introduced to the market, some consumers strategically delay their buying to the next period with the hope of learning the unknown quality. We analyze the monopolist's pricing and waiting strategies when consumers have strategic delay incentives. We...
Persistent link: https://www.econbiz.de/10010332494
We consider a non-durable good monopoly that collects data on its customers in order to profile them and subsequently … monopoly equilibrium profit is globally an increasing function of the privacy cost while in the PHI case, it is almost always a …
Persistent link: https://www.econbiz.de/10012657985
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10012658000
-quality menus to segment the market. We show that, contrary to the Coase conjecture for the homogeneous durable good monopoly …
Persistent link: https://www.econbiz.de/10012658037
monopoly, analysing questions of introductory pricing and quantity rationing. The model suggests that neither of these two …
Persistent link: https://www.econbiz.de/10010292742
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10010325669
In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random …
Persistent link: https://www.econbiz.de/10010326348
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10010334036
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10010262477
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10010275870