Dynamic monopoly with nondurable goods
成果类型：
Article
署名作者：
Dudey, M
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.0099
发表日期：
1996
页码：
470-488
关键词：
摘要：
A nondurable good monopolist who posts a single price will generally achieve an inefficient outcome. But is it possible that the monopolist would achieve efficiency by repeatedly posting prices before delivery? If buyers recognize the effect of current purchases on future prices, then under complementary ideal conditions, the answer is yes. On the other hand traditional concerns about monopoly are viable if the seller bears a small cost per buyer of market reopening. (C) 1996 Academic Press, Inc.