Cyclic pricing by a durable goods monopolist
http://econweb.umd.edu/~vincent/econ662syl.pdf WebIn the model of this paper a monopoly seller of a durable good holds periodic sales as a means of price discrimination. A new cohort of consumers enters the market in each …
Cyclic pricing by a durable goods monopolist
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WebFor example, Segal (2003) shows that, without the entry of new generations, the optimal mechanism in a durable goods model can be implemented by a price mechanism if marginal costs are constant or there are large numbers of consumers. Both of these assumptions are satisfled in our model. WebThis note analyzes a model of a monopolist selling multiple goods to a continuum of heterogeneous consumers. The implementation of Direct Revelation Mechanisms is analyzed in that setting, finding that it is possible for the monopolist to implement all Stochastic Incentive Compatible Mechanisms by committing to post a decreasing …
WebThis paper investigates how product’s durability affects the dynamic properties of the economy, using a simple overlapping generations model with durable goods. One of the chief characteristics of the durable-goods market is that a sale condition at a certain period affects another period’s condition. WebIn this paper we extend existing theory to predict which items will go on sale, and use a new data set from the BLS to document the frequency of sales across a wide range of goods …
WebI study a pro…t-maximizing monopolist selling a durable good to buyers who arrive over time. Buyers are forward looking and their values for the good evolve stochastically. I …rst suppose that the seller commits to a path of posted prices in a stationary environment. WebConlisk, Gerstner and Sobel, “Cyclic Pricing by a Durable Goods Monopolist”, Quarterly Journal of Economics 99: 489-505. 1984. Fudenberg, D. Levine, and J. Tirole,"Infinite Horizon Models of Bargaining with Incomplete Information", in Game Theoretic Models of Bargaining, (A.Roth ed.)
WebOct 1, 2000 · Cyclic Pricing by a Durable Goods Monopolist J. Conlisk, Eitan Gerstner, J. Sobel Economics, Business 1984 In the model of this paper a monopoly seller of a durable good holds periodic sales as a means of price discrimination. A new cohort of consumers enters the market in each period, interested in… 363 PDF
WebA substantial portion of information goods is sold through upgrades. I model a monopolist offering successive generations of an information good in a dynamic model. In each period, the monopolist offers up to two prices for each generation: a full price to those who have never purchased and a version upgrade price to consumers who own a previous … college of direct support mnWebDownload Cyclical Pricing Of Durable Goods full books in PDF, epub, and Kindle. Read online free Cyclical Pricing Of Durable Goods ebook anywhere anytime. This ... Cyclic Pricing by a Durable Goods Monopolist. Author: César L. Guerrero-Luchtenberg: Publsiher: Unknown: Total Pages: 135: Release: 2001: Genre: Electronic Book: ISBN dr. praeger\u0027s fish sticksWebIn the model of this paper a monopoly seller of a durable good holds periodic sales as a means of price discrimination. A new cohort of consumers enters the market in each period, interested in purchasing the good either immediately or after a delay. Within each cohort, consumers vary in their tastes for the good. dr praeger\u0027s hearty breakfast bowlWeb“Cyclic Pricing by a Durable Goods Monopolist,” Quarterly Journal of Economics, 1984 (with J. Conlisk and E. Gerstner). “The Structure of Industry with Endogenous Skill … dr praeger\u0027s fish sticks ingredientsWebJun 1, 2011 · In a two-period model of nondurable experience goods, we compare the profit and social welfare effects of behavior-based price discrimination (BBPD) and price commitment (PC) (relative to time-consistent pricing) in a monopoly. We find that when the static, full-information monopoly price is higher (lower) than the mean consumer … dr praeger\u0027s fish sticksWebFeb 1, 2008 · Cyclic Pricing by a Durable Goods Monopolist J. Conlisk, Eitan Gerstner, J. Sobel Economics, Business 1984 In the model of this paper a monopoly seller of a durable good holds periodic sales as a means of price discrimination. A new cohort of consumers enters the market in each period, interested in… 362 PDF dr praeger\u0027s huevos rancheros breakfast bowlWebNov 22, 2010 · It is demonstrated that while it is never optimal to adopt posterior price matching when consumers have rational expectations, it can be optimal when they have … college of doctors manitoba