Arbeitspapier
Storable good monopoly: The role of commitment
We study dynamic monopoly pricing of storable goods in an environment where demand changes over time. The literature on durables has focused on incentives to delay purchases. Our analysis focuses on a different intertemporal demand incentive. The key force on the consumer side is advance purchases or stockpiling. In the case of storable goods the stockpiling motive has been documented in recent empirical literature. Advance purchases can also arise in the case of durables, although the literature has not focused on this case. We show that if the monopolist cannot commit, then prices are higher in all periods, and social welfare is lower, than in the case in which the monopolist can commit. This is in contrast with the analysis in the literature on the Coase conjecture.
- Language
-
Englisch
- Bibliographic citation
-
Series: CSIO Working Paper ; No. 0060
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Dudine, Paolo
Hendel, Igal
Lizzeri, Alessandro
- Event
-
Veröffentlichung
- (who)
-
Northwestern University, Center for the Study of Industrial Organization (CSIO)
- (where)
-
Evanston, IL
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dudine, Paolo
- Hendel, Igal
- Lizzeri, Alessandro
- Northwestern University, Center for the Study of Industrial Organization (CSIO)
Time of origin
- 2004
Other Objects (12)
Monopoly sale of a network good
Reputation in Bargaining and Durable Goods Monopoly
Bilateral Monopoly, Non-durable Goods and Dynamic Trading Relationships
Monopoly
Multidimensional Mechanism Design: Revenue Maximization and the Multiple-Good Monopoly
Commitment and Matching Contributions to Public Goods
Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment
Price Discrimination and the Location Choice of a Durable Goods Monopoly
Monopoly, inequality and redistribution via the public provision of private goods
Quality Differentiation in Durable Goods Monopoly Always Yields Strictly Positive Profits
Monopoly Pricing Strategies
Monopoly with Resale
Monopoly sale of a network good
Reputation in Bargaining and Durable Goods Monopoly
Bilateral Monopoly, Non-durable Goods and Dynamic Trading Relationships
Monopoly
Multidimensional Mechanism Design: Revenue Maximization and the Multiple-Good Monopoly
Commitment and Matching Contributions to Public Goods
Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment
Price Discrimination and the Location Choice of a Durable Goods Monopoly
Monopoly, inequality and redistribution via the public provision of private goods
Quality Differentiation in Durable Goods Monopoly Always Yields Strictly Positive Profits
Monopoly Pricing Strategies
Monopoly with Resale
Monopoly sale of a network good
Reputation in Bargaining and Durable Goods Monopoly
Bilateral Monopoly, Non-durable Goods and Dynamic Trading Relationships
Monopoly
Multidimensional Mechanism Design: Revenue Maximization and the Multiple-Good Monopoly
Commitment and Matching Contributions to Public Goods
Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment
Price Discrimination and the Location Choice of a Durable Goods Monopoly
Monopoly, inequality and redistribution via the public provision of private goods
Quality Differentiation in Durable Goods Monopoly Always Yields Strictly Positive Profits
Monopoly Pricing Strategies