Hall (1988) estimates the intertemporal substitutability for nondurable goods economically and statistically insignificant. Ogaki and Reinhart (1998) introduce the service flow from durable goods using within-period-nonseparable homothetic preference specification. They estimate the...

We consider the problem of a monopolist---choosing an optimal nonlinear pricing scheme---facing two consumers who can resell some or all of the goods to each other in a secondary market. We suppose that the valuations of the consumers are drawn independently from a continuous distribution. We...

Motivated by sponsored search auctions with hard budget constraints given by the advertisers, we study multi-unit auctions of a single item. An important example is a sponsored result slot for a keyword, with many units representing its nventory in a month, say. In this single-item multi-unit...