Dynamic durable goods monopoly and market power

Name: Dynamic durable goods monopoly and market power
Author: Özener, Başak Altan

İsim	Dynamic durable goods monopoly and market power
Yazar	Özener, Başak Altan
Basım Tarihi:	2020-06
Basım Yeri	- MDPI
Konu	Differentiation, Durable goods, Monopoly, Pricing, Quality
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	2073-4336
Kayıt Numarası	bd5f96de-f7f4-422f-bcce-225479239b7b
Lokasyon	Economics
Tarih	2020-06
Örnek Metin	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.
DOI	10.3390/g11020022
Cilt	11

Kaynağa git Özyeğin Üniversitesi

Aramaya Dön

Özyeğin Üniversitesi

Kaynağa git

Dynamic durable goods monopoly and market power

Yazar Özener, Başak Altan

Basım Tarihi 2020-06

Basım Yeri - MDPI

Konu Differentiation, Durable goods, Monopoly, Pricing, Quality

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 2073-4336

Kayıt Numarası bd5f96de-f7f4-422f-bcce-225479239b7b

Lokasyon Economics

Tarih 2020-06

Örnek Metin 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.

DOI 10.3390/g11020022

Cilt 11