Dynamic Durable Goods Monopoly and Market Power

Autor:	Basak Altan
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	durable goods monopoly pricing quality differentiation Technology Social Sciences
Zdroj:	Games, Vol 11, Iss 2, p 22 (2020)
Druh dokumentu:	article
ISSN:	2073-4336
DOI:	10.3390/g11020022
Popis:	We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different quality versions of the same product. Hence, our results suggest that, when the innate durability of a product is high, the seller should offer different quality versions of the product.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/dab96281326243cbaaeb3458d7345cdf Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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