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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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Quality differentiation in durable goods monopoly always yields strictly positive profits
Laussel, Didier; Long, Ngo Van - 2021
-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/10012628729
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Dynamic monopoly and consumers profiling accuracy
Laussel, Didier; Long, Ngo Van; Resende, Joana - 2021
discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U … monopoly’s investment in information accuracy. However, this cost should not dissuade firms to collect some information on …
Persistent link: https://www.econbiz.de/10012643538
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Waiting for signalling quality
Gunay, Hikmet - 2013
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/10009775796
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011942732
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679
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Perfect competition, market power, and contestability
Budzinski, Oliver; Stöhr, Annika - 2024
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 … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
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Customer directed advertising and product quality
Esteban, Lola; Hernandez, Jose M.; Moraga-González, … - 2001
This paper studies the relationship between three key elements of the marketing mix, namely, price, product, and promotion, in a model where a seller employs informative advertising to launch a new product. We propose a fairly general advertising technology for the study of three promotional...
Persistent link: https://www.econbiz.de/10011318584
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Resource market power and levels of knowledge in general equilibrium
Marz, Waldemar; Pfeiffer, Johannes - 2015
We analyze monopoly power in a market for a complementary fossil resource like oil in a two country/two period model …
Persistent link: https://www.econbiz.de/10010502694
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Process innovation and product quality improvement in a dynamic monopoly
Lambertini, Luca; Orsini, Raimondello - 2014
We investigate the optimal R&D portfolio of a single-product monopolist investing in cost-reducing activities accompanied by efforts improving the quality of its product. There emerges that the firm's relative incentives along the two directions are conditional upon market affluency, measured by...
Persistent link: https://www.econbiz.de/10011729197