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period and waits to sell only in the second period. Waiting creates a credible cost for signalling; hence, the monopolist … uses it as a signalling device. …
Persistent link: https://www.econbiz.de/10009775796
period and waits to sell only in the second period. Waiting creates a credible cost for signalling; hence, the monopolist … uses it as a signalling device. …
Persistent link: https://www.econbiz.de/10010332494
monopoly profit in the finite-horizon problem under certain conditions; in fact, the monopolist does not have any reason to … as possible, which makes him sacrifice a part of his one-shot monopoly profit to attract traders to buy …
Persistent link: https://www.econbiz.de/10014201523
monopoly profit in the finite-horizon problem under certain conditions; in fact, the monopolist does not have any reason to … as possible, which makes him sacrifice a part of his one-shot monopoly profit to attract traders to buy …
Persistent link: https://www.econbiz.de/10014061375
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/10012643538
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
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10013093809
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10013071968
One of the most famous and outstanding formalizations of the Coase Conjecture is that by Gul, Sonnenschein, and Wilson (1986). A peculiarity of their model — as well as all other examinations of the Coase Conjecture of which I am aware, including that by Coase himself — is that it assumes...
Persistent link: https://www.econbiz.de/10012941825
We examine the effect of a capacity constraint on the profits of a durable goods monopoly (DGM) in a two-period model …
Persistent link: https://www.econbiz.de/10013103937