Arbeitspapier
Quality Differentiation in Durable Goods Monopoly Always Yields Strictly Positive Profits
A monopolist producing vertically differentiated durable goods can offer in each period a sequence of price-quality menus to segment the market. We show that, contrary to the Coase conjecture for the homogeneous durable good monopoly, thanks to the ability to produce differentiated durable goods, in all Markov-Perfect Equilibria, the profit of a monopolist that cannot commit to future price-quality menus is bounded below by a strictly positive value independent of the discount factor.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 9331
- Klassifikation
-
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Market Structure, Pricing, and Design: Monopoly
Monopoly; Monopolization Strategies
- Thema
-
product quality
durable good monopoly
second-degree price discrimination
Coase conjecture
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Laussel, Didier
Long, Ngo Van
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Laussel, Didier
- Long, Ngo Van
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2021
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