| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12708 |
| DP12708 Differentiated Durable Goods Monopoly: A Robust Coase Conjecture | |
| Pasquale Schiraldi; Francesco Nava | |
| 发表日期 | 2018-02-11 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The paper analyzes a durable good monopoly problem in which multiple varieties can be produced and sold. A robust Coase conjecture establishes that the market eventually clears, that profits exceed static optimal market-clearing profits, and that profits converge to this lower bound in all stationary equilibria when prices can be revised instantaneously. In contrast to the one-variety case though, equilibrium pricing is neither efficient nor minimal (that is, equal to the maximum between marginal cost an the minimal value). Conclusions apply even when products can be scrapped albeit at possibly smaller mark-ups. If so, a novel motive for selling high cost products naturally emerges. Moreover, with positive marginal costs, cross-subsidization arises as a result of equilibrium pricing. The online appendix delivers insights on product design. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp12708 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541520 |
| 推荐引用方式 GB/T 7714 | Pasquale Schiraldi,Francesco Nava. DP12708 Differentiated Durable Goods Monopoly: A Robust Coase Conjecture. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
