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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
: 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
contracting stage whether their demand is high or low, while uninformed customers may learn their demand only after incurring some … informed low-demand customers. Consequently, the firm makes this package relatively unattractive, resulting in a very low … though information only helps to predict a customer's own demand. However, welfare may be lower if there are more informed …
Persistent link: https://www.econbiz.de/10014210973