-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 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 … wealth difference is considered to analyze the effects of wealth on the demand of both the new product market and the …

durable, we derive an intuitive lower bound on the monopoly's optimal profit for any discount factor and show that it … converges to the optimal static monopoly profit as the discount factor converges to one, in contrast to the Coase conjecture. We …This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to …

periods. A laboratory experiment shows that, consistent with our theory, outcomes in the Certain and Uncertain Demand … monopoly price. Consistent with Coasian dynamics, these prices are lower for higher discount factors. Demand withholding … informed about his own valuation. Thus all players are imperfectly informed about market demand. We study the monopolist …

This paper solves for the profit maximising strategy of a durable-goods monopolist when incoming demand varies over … first characterise the consumer's utility maximisation problem and, under a monotonicity condition, show the profit … asymmetry pushes the price level above that charged by a firm facing the average level of demand. Applications of this framework …