Showing 1 - 10 of 109
This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...
Persistent link: https://www.econbiz.de/10011421507
Persistent link: https://www.econbiz.de/10003480173
Persistent link: https://www.econbiz.de/10002595676
Persistent link: https://www.econbiz.de/10009242475
A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal and agent each decide whether to take costly preparatory actions that yield benefits only when the shock strikes. The principal maximizes his expected payoff by controlling the...
Persistent link: https://www.econbiz.de/10009490687
Persistent link: https://www.econbiz.de/10011304936
Persistent link: https://www.econbiz.de/10009709389
Two sellers engage in price competition to attract buyers located on a network. The value of the good of either seller to any buyer depends on the number of neighbors on the network who consume the same good. For a generic specification of consumption externalities, we show that an equilibrium...
Persistent link: https://www.econbiz.de/10009788069
This paper studies the problem of a monopolist who sells a network good through a price posting scheme. The scheme posts a price of every possible allocation for each buyer, who are then asked to report their private information to the seller. The seller then implements the allocation based on...
Persistent link: https://www.econbiz.de/10008748350
This paper studies a monopoly pricing problem when the seller can also choose the timing of a trade with each buyer endowed with private information about the seller’s good. A buyer’s valuation of the good is the weighted sum of his and other buyers’ private signals, and is affected by the...
Persistent link: https://www.econbiz.de/10003246484