Optimal selling procedures with fixed costs
成果类型:
Article
署名作者:
Cornelli, F
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1996.0106
发表日期:
1996
页码:
1-30
关键词:
摘要:
This paper studies the optimal selling procedures for a monopolist, when consumers valuations are unknown and there are fixed costs. The ruled costs introduce a positive externality among customers: each customer benefits from the presence of others who help cover the fixed costs. In this context it is optimal for the monopolist to make the probability of each individual being served contingent on the valuations of all the other consumers. The monopolist therefore sets a minimum price and then lets each customer contribute as much as he wishes. (C) 1996 Academic Press, Inc.