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monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …
Persistent link: https://www.econbiz.de/10010729770
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …
Persistent link: https://www.econbiz.de/10013093809
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …
Persistent link: https://www.econbiz.de/10013071968
We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To …
Persistent link: https://www.econbiz.de/10011263110
; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …
Persistent link: https://www.econbiz.de/10014566747
We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the … markets, some buyers do not know the quality of the good, but learn about it from observing prices. Under noisy demand, third …
Persistent link: https://www.econbiz.de/10010941047
structure. From situations where standard competition may be possible, they shift the market towards monopoly, betting on their …
Persistent link: https://www.econbiz.de/10014206793
When an improvable durable good (such as packaged software) saturates the market, the seller could be tempted to release new versions too frequently, hurting her profit. A novel contractual device, which we term as a Free New Version Rights warranty (Free NVR warranty), can help the seller...
Persistent link: https://www.econbiz.de/10014052060
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10010272373
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10008674339