uncertainty in demand. The monopolist is uninformed because it does not know one of the parameters defining the distribution of … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning …. Learning affects the monopolist's behavior. The higher the expected mean of the demand shock given its beliefs, the higher the …

to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is …

to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is …

the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the … mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power …

This paper characterizes dynamic monopoly price patterns when demand declines. Declining demand is caused by the …

This paper solves for the profit maximising strategy of a durable-goods monopolist when incoming demand varies over … asymmetry pushes the price level above that charged by a firm facing the average level of demand. Applications of this framework … include deterministic demand cycles, one-off shocks and IID demand draws. The optimal policy outperforms renting and can be …

We study rationing as a tool of the monopolist's pricing strategy when demand is uncertain. Three pricing strategies …

We develop a two-period model of bundling strategy when a monopolistic firm faces uncertain demand in the second period …