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Asymmetric information and differentiated durable goods monopoly : intra-period versus intertemporal price discrimination
Laussel, Didier; Long, Ngo Van; Resende, Joana - 2021
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/10012619439
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Asymmetric Information and Differentiated Durable Goods Monopoly : Intra-Period Versus Intertemporal Price Discrimination
Laussel, Didier; Van Long, Ngo; Resende, Joana - 2021
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/10013212257
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Asymmetric Information and Differentiated Durable Goods Monopoly : Intra-Period Versus Intertemporal Price Discrimination
Laussel, Didier; Van Long, Ngo; Resende, Joana - 2022
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/10013297199
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The information paradox in a monopolist's credence goods market
Jost, Peter-J.; Reik, Steffen; Ressi, Anna - 2019
Credence goods markets, such as those for car repairs and medical treatments, are generally characterized by an ex-ante and ex-post information asymmetry between the uninformed buyer and the informed seller. Previous literature demonstrates that efficiency and fraud in a monopolist credence...
Persistent link: https://www.econbiz.de/10012286246
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Monopolistic nonlinear pricing with consumer entry
Ye, Lixin; Zhang, Chenglin - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 141-173
bunching occurs, the bunching interval is necessarily smaller. Additionally, under certain conditions the monopoly solution may … even achieve the ?rst best (i.e., production ef?ciency). We also demonstrate that the optimal monopoly so- lutions can be …
Persistent link: https://www.econbiz.de/10011704747
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Informing consumers about their own preferences
Peitz, Martin; Inderst, Roman - 2012
We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits...
Persistent link: https://www.econbiz.de/10011489927
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Screening contracts in the presence of positive network effects
Csorba, Gergely - 2004
the intensity of network effects, and that a discriminating monopoly may supply large quantities for all consumers than a …
Persistent link: https://www.econbiz.de/10011560594
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Information Design and Monopoly Pricing for Selling Divisible Goods
Li, Fei; Zhao, Mofei - 2023
This paper studies a bilateral trade game where (i) the buyer is uncertain about her desired consumption amount (needs) of a perfectly divisible good and receives a signal about it, (ii) and the seller posts a take-it-or-leave-it price to the buyer. The seller's information design trades off...
Persistent link: https://www.econbiz.de/10014349475
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Chapter 27 Recent Developments in the Theory of Regulation
Armstrong, Mark; Sappington, David E.M. - In: Handbook of industrial organization : volume 3, (pp. 1557-1700). 2007
begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter …
Persistent link: https://www.econbiz.de/10014024589
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Menu Pricing and Learning
Bonatti, Alessandro - 2010
We address the question of designing dynamic menus to sell experience goods. A dynamic menu consists of a set of price-quantity pairs in each period. The quality of the product is initially unknown, and more information is generated through experimentation. The amount of information in the...
Persistent link: https://www.econbiz.de/10012715796