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The paper discusses the economic aspects of the most important questions (such as demand response or capacity …, incentives to introduce differential pricing may be technology-driven (i. e. high on-peak marginal costs) or demand-driven (i …
Persistent link: https://www.econbiz.de/10012212223
the monopoly and from the welfare points of view. It is shown that in the two-type consumer case when the monopoly is …
Persistent link: https://www.econbiz.de/10014058904
discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price …
Persistent link: https://www.econbiz.de/10014343799
aggregated demand curve of simple monopoly. The results of this paper may be used to explain to students the effects of third … discusses the effects of price discrimination on monopoly profit, consumer surplus, and social welfare. In addition, using a … preferences or incomes of consumer groups become more heterogeneous. The virtual aggregated demand curve of the price …
Persistent link: https://www.econbiz.de/10014089315
We analyze the effect of price caps on equilibrium production and welfare in oligopoly under demand uncertainty. We … price cap and show that typically, the optimal price cap is bounded away from marginal cost. -- Demand uncertainty, Cournot …
Persistent link: https://www.econbiz.de/10003894585
Strausz (2017) claims that crowdfunding implements the optimal mechanism design outcome in an environment with entrepreneurial moral hazard and private cost information. Unfortunately, his analysis, solution and claim depend critically on imposing an untenable condition (29) that he had...
Persistent link: https://www.econbiz.de/10012931333
: Discriminatory pricing antagonizes consumers and may reduce their demand. In contrast to previous studies, we show that consumers …
Persistent link: https://www.econbiz.de/10013089954
We compare second-degree price discrimination with uniform pricing using two linear demands. Our comparison shows that second-degree price discrimination can result in a welfare-enhancing market foreclosure (both markets are served under uniform pricing but one of them is excluded under...
Persistent link: https://www.econbiz.de/10012897081
established result in nonlinear pricing, we find that the per-unit price may be non-monotonic: low-demand consumers face a two …-part tariff with a per-unit price possibly below marginal cost, and even zero, whereas high demand consumers face tariffs with per …
Persistent link: https://www.econbiz.de/10012733697
We study the multiproduct monopoly profit maximisation problem for a seller who can commit to a dynamic pricing …
Persistent link: https://www.econbiz.de/10012936871