KyungMin Kim - Department of Economics, University of Pennsylvania - 2009
consumers. In particular, there is uncertainty over whether the monopolist is committed to a price (i.e. she may be a commitment … commitment types. A behavioral commitment type charges an exogenously given price, while the rational commitment type optimally … chooses a price. I show that the Coase conjecture is robust with regard to uncertainty over the monopolist's commitment. When …