With any positive fraction of altruistic consumers in the population who give away any positive fraction of their gains from trade, there exists a high enough level of uncertainty about demand such that the monopolist prefers pay-what-you-want over the traditional monopoly or any other pricing...

Yes, but one needs to assume that consumers know the realized price distribution, and that they do not know which firm has what price. Even with identical consumers and identical firms, if firms set prices in a first stage, and if consumers search sequentially in a second stage, then price...

The Economist puts it best: “The details around network neutrality, the principle that internet-service providers (ISPs) must treat all sorts of web traffic equally, can be mind-numbingly abstruse. But they fuel passion, nonetheless.” A primer already exists in Greenstein, Peitz and Valletti...

This paper identifies direct network effects in the demand for video games using minimal network data, but leveraging within-consumer variation. I separately identify price elasticities on isolated individuals on the network, and on non-isolated individuals. I then use the discrepancies between...