. Under monopoly this tax unambiguously exceeds the marginal damage. Furthermore, the analysis provides a further reason why …

-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly … power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different …

This paper proposes a theory of commodity taxation in the presence of durable goods. Optimal commodity taxes depend on … theory justifies housing provisions in the income tax code. …

This article captures the effects of secondary markets on the durable goods with game theory technology. Firstly, under … monopoly in production, secondary markets both improve the producer's profits and extend the market size. Secondly, to improve …

This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to … deliver its good after receiving payment. The monopoly may be induced to deliver the good if consumers expect that the … monopoly will not deliver in the future if it does not deliver today. If the good is non-durable and consumers are anonymous …