Showing 11 - 20 of 129,317
contracting stage whether their demand is high or low, while uninformed customers may learn their demand only after incurring some … informed low-demand customers. Consequently, the firm makes this package relatively unattractive, resulting in a very low … though information only helps to predict a customer's own demand. However, welfare may be lower if there are more informed …
Persistent link: https://www.econbiz.de/10014210973
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. 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
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
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
corresponds to the sum of demand curvature and pass-through elasticity. We provide examples relying on derived demands with …
Persistent link: https://www.econbiz.de/10012846735
explanation to this puzzle by providing a simple framework to analyze a monopoly seller's optimal marketing strategy in terms of …
Persistent link: https://www.econbiz.de/10014048278
This paper uses tools provided by lattice theory to describe the second-degree price discrimination problem faced by a monopolist seller of a network good, and to give a complete characterization of the optimal contracts it can use. We build a general model in a discrete and a continuous type...
Persistent link: https://www.econbiz.de/10014103016
If a monopoly supplies a perishable good, such as tickets to a performance, and is unable to price discriminate within … a period, the monopoly may benefit from the potential entry of resellers. If the monopoly attempts to intertemporally …, and the monopoly?s problem is not well defined. An arbitrarily small amount of heterogeneity of information among the …
Persistent link: https://www.econbiz.de/10014136699
This paper presents a model of second-degree price discrimination by a monopolistic seller who offers a menu of price-quantity pair contracts to consumers located in a social network. Network effects are local as consumers' private valuations are increasing in their friends' adoption decisions....
Persistent link: https://www.econbiz.de/10013004864