Notes on Nonlinear Pricing and Monopoly PDF Download
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Author: Kaushik Basu
Publisher:
ISBN:
Category : Monopolies
Languages : en
Pages : 14
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Book Description
Author: Kaushik Basu
Publisher:
ISBN:
Category : Monopolies
Languages : en
Pages : 14
Get Book Here
Book Description
Author: Babu Nahata
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This pedagogical note explains how the same basic principle can be applied to explain the profit-maximizing behavior of a monopolist under both linear and nonlinear pricing by introducing an average price function. It is shown that optimal conditions under nonlinear pricing are similar to that of linear pricing. These conditions can be explained through a simple graphical exposition. The optimal conditions under monopolistic linear and nonlinear price discriminations are also similar.
Author: Richard Schmalensee
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Author: Robert B. Wilson
Publisher: Oxford University Press, USA
ISBN: 9780195115826
Category : Business & Economics
Languages : en
Pages : 446
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Book Description
What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional to the quantity purchased. The Electric Power Research Institute has commissioned Robert Wilson to review the various facets of nonlinear pricing. The work starts with a general non-mathematical discussion, followed by a more technical presentation intended for readers with a fairly advanced background. Thorough and detailed, this study has ample examples of case studies from a variety of industries.
Author: Dezsö Szalay
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Author: Mark Armstrong
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Chaozheng Li
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: David M. Kreps
Publisher: Princeton University Press
ISBN: 0691202753
Category : Business & Economics
Languages : en
Pages : 870
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Book Description
David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
Author: Kaushik Basu
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
This volume is a collection of the author's inter-disciplinary essays straddling several of the social sciences and also the philosophical foundations of economics. Most essays have a development slant and several make explicit reference to India.
Author: Xavier Méra
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
Ludwig von Mises and Murray Rothbard tended to emphasize the same requirement for a monopoly price to emerge, as far as the demand schedule for the monopolized good is concerned, in the long run and in the immediate run. This is problematic because, as this paper explains, their criterion of a seller or a cartel of sellers facing an “inelastic demand” above the “competitive price” (Mises) or the “free-market price” (Rothbard) is only required in the immediate run. This has consequences in regard to the question of the limits to monopoly pricing. The inelasticity of demand criterion of both authors left less room for monopoly prices in their theoretical constructs of a hampered market economy than there really is. If one wants to spare the bulk of consumers from the effects of factor misallocation, refraining from granting monopolistic privileges becomes even more urgent than what both authors suggested.
