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Dynamic durable goods monopoly and market power

Altan, Basak - In: Games 11 (2020) 2/22, pp. 1-14

-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 …

Persistent link: https://www.econbiz.de/10012431895

Monopoly distortions in durability and multi-dimensional quality

Strausz, Roland - 2009

I show that Swan's (1970) independence result requires a multiplicative interaction between durability and all other quality attributes. Because there is no compelling argument for a multiplicativity in quality, monopolists tend to distort durability, even with constant marginal costs....

Persistent link: https://www.econbiz.de/10003909005

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

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