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Dynamic Monopoly and Consumers Profiling Accuracy

Laussel, Didier; Resende, Joana; Van Long, Ngo - 2021

discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U … monopoly’s investment in information accuracy. However, this cost should not dissuade firms to collect some information on …

Persistent link: https://www.econbiz.de/10013323970

Waiting for Signalling Quality

Gunay, Hikmet - 2011

When a durable good of uncertain quality is introduced to the market, some consumers strategically delay their buying to the next period with the hope of learning the unknown quality. We analyze the monopolist's pricing strategies when consumers have strategic delay incentives. We show when the...

Persistent link: https://www.econbiz.de/10014182987

Asymmetric Information and Differentiated Durable Goods Monopoly : Intra-Period Versus Intertemporal Price Discrimination

Laussel, Didier; Van Long, Ngo; Resende, Joana - 2022

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/10013297199

Inequality and market concentration, when shareholding is more skewed than consumption

Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Persistent link: https://www.econbiz.de/10011942732

Inequality and market concentration, when shareholding is more skewed than consumption

Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Persistent link: https://www.econbiz.de/10011958679

Perfect competition, market power, and contestability

Budzinski, Oliver; Stöhr, Annika - 2024

mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … distinguishable types. This contribution explains absolute market power (single-firm monopoly and dominance), collective market power … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …

Persistent link: https://www.econbiz.de/10014536299

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10014023495

Strategic Delegation in a Durable Goods Monopoly

Coury, Tarek - 2009

monopoly entrusts pricing decisions to a manager who enjoys monetary rewards but dislikes production effort. We show that cheap …

Persistent link: https://www.econbiz.de/10012721849

Quality, Upgrades, and (the Loss of) Market Power in a Dynamic Monopoly Model

Anton, James J.; Biglaiser, Gary - Duke University, Department of Economics - 2010

We examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new …

Persistent link: https://www.econbiz.de/10008549037

Customer directed advertising and product quality

Esteban, Lola; Hernandez, Jose M.; Moraga-González, … - 2001

This paper studies the relationship between three key elements of the marketing mix, namely, price, product, and promotion, in a model where a seller employs informative advertising to launch a new product. We propose a fairly general advertising technology for the study of three promotional...

Persistent link: https://www.econbiz.de/10011318584