Monopoly Pricing Under Demand Uncertainty PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Monopoly Pricing Under Demand Uncertainty PDF full book. Access full book title Monopoly Pricing Under Demand Uncertainty by Volker Nocke. Download full books in PDF and EPUB format.
Author: Volker Nocke
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Volker Nocke
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Volker Nocke
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Volker Nocke
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
We study rationing as a tool of the monopolist's selling policy when demand is uncertain. Three selling policies are potentially optimal in our environment: uniform pricing, final sales, and introductory offers. Final sales consist in charging a high price initially, but then lowering the price while committing to a total capacity. Consumers with a high valuation may decide to buy at the high price since the endogenous probability of rationing is higher at the lower price. Introductory offers consist in selling a limited quantity at a low price initially, and then raising price. Those consumers with high valuations who were rationed initially at the lower price may find it optimal to buy the good at the higher price. We show that the optimal selling policy involves either uniform pricing or final sales. Introductory offers may dominate uniform pricing, but can never be optimal if the monopolist can also use final sales.
Author: Brad R. Humphreys
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
Get Book Here
Book Description
Author: Milton Harris
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Pascal Courty
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 42
Get Book Here
Book Description
Author: David A. Trumble
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 274
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
I investigate R & D efforts for process innovation in a monopoly with uncertain demand. Two different models are proposed, where either (i) the reservation price is affected by an additive shock and the marginal production cost is increasing, or (ii) a multiplicative shock on the slope of demand combines with a flat marginal production cost. In either case, price-setting behaviour generates a larger R & D investment than quantity-setting behaviour. An Arrowian interpretation of the first result and a Schumpeterian interpretation of the second are proposed.
Author: Muruvvet Celikbas
Publisher:
ISBN:
Category :
Languages : en
Pages : 352
Get Book Here
Book Description
Author: Vijay Krishna
Publisher: Academic Press
ISBN: 0080922937
Category : Business & Economics
Languages : en
Pages : 337
Get Book Here
Book Description
Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions. Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions New chapter on combinatorial auctions and new analyses of theory-informed applications New chapter-ending exercises and problems of varying difficulties support and reinforce key points
