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about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more …
Persistent link: https://www.econbiz.de/10011489927
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has to meet some capital requirement in order to start production and sell the related good to a limited number of potential buyers who are privately informed about their...
Persistent link: https://www.econbiz.de/10011595436
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can easily be reinterpreted as a model of the monopolistic provision of excludable public goods under private information. An entrepreneur has to meet some capital requirement in order...
Persistent link: https://www.econbiz.de/10011350183
discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price …
Persistent link: https://www.econbiz.de/10014334054
addition, the paper finds that it is feasible in the monopoly optimum that the bundle for low-demand agents is more expensive … extent of platform access for high-demand agents is strictly reduced below the benchmark level with complete information. In … than the one for high-demand agents if the extent of interaction with agents from the opposite market side is assumed to be …
Persistent link: https://www.econbiz.de/10010487752
We introduce in this paper the quot;incompletequot; third-degree price discrimination, which is the situation in which a monopolist must charge at most k different prices while the total market is composed of n (local) markets, with ngt;k. We thus study the optimal partition problem of the n...
Persistent link: https://www.econbiz.de/10012765069
We consider second-degree price discrimination for two types of consumers. When the net-of-cost valuation functions cross at least once at some positive quantity, it is always optimal to serve both types of consumers. Moreover, the type with the higher valuation peak always gets the socially...
Persistent link: https://www.econbiz.de/10013022346
-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
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
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/10013212257