In this paper, I consider a problem of multi-dimensional screening in the case when the number of consumer's characteristics, , differs from , the number of goods produced by a monopolist. I show that, in the case when , the qualitative features of solution are similar to those obtained by...

The paper developes the model of optimal monopoly pricing under the viscous demand and customers turnover. The main findings are that the monopoly prices high during a fad, fads, however, are short lived

We extend Armstrong's (1996) result on exclusion in multi-dimensional screening models in two key ways, providing support for the view that this result is quite generic and applicable to many different markets. First, we relax the strong technical assumptions he imposed on preferences and...

In this paper we introduce bounded rationality into the standard Mussa and Rosen (1978) model. We obtain the necessary conditions for the monopolist to benefit from the boundedly rational behavior of the consumers and discuss the incidence of costs of boundedly rational behavior. We also obtain...