This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to … deliver its good after receiving payment. The monopoly may be induced to deliver the good if consumers expect that the … monopoly will not deliver in the future if it does not deliver today. If the good is non-durable and consumers are anonymous …

bunching occurs, the bunching interval is necessarily smaller. Additionally, under certain conditions the monopoly solution may … even achieve the ?rst best (i.e., production ef?ciency). We also demonstrate that the optimal monopoly so- lutions can be …

In some industries, monopoly is natural. One provider can serve the relevant demand cheaper than two or more firms. If … the monopoly is not contestable, i.e. not controlled by a credible threat of entry, regulation is necessary. The essential … downstream markets are not themselves natural monopolies. The holder of the monopoly is also himself active on one of these …

production costs is of considerable scholarly and policy interest. This article examines a monopoly facing demand functions where …

production costs is of considerable scholarly and policy interest. This article examines a monopoly facing demand functions where …

costs at the start of negotiations which can be overcome if consumers ex-post reveal they are informed about market prices …