A key to the Coase conjecture is the monopolist’s inability to commit to a price, which leads consumers to believe that … a high current price will be followed by low future prices. This paper studies the robustness of the Coase conjecture … a price (i.e. she may be a commitment type). Consequently, consumers are no longer certain that the price will change …

A key to the Coase conjecture is the monopolist's inability to commit to a price, which leads consumers to believe that … a high current price will be followed by low future prices. This paper studies the robustness of the Coase conjecture … a price (i.e. she may be a commitment type). Consequently, consumers are no longer certain that the price will change …

. We also find two types of separating equilibria: one where high type signals its quality by choosing a different price …

monopoly profit in the finite-horizon problem under certain conditions; in fact, the monopolist does not have any reason to … as possible, which makes him sacrifice a part of his one-shot monopoly profit to attract traders to buy …

We examine the effect of a capacity constraint on the profits of a durable goods monopoly (DGM) in a two-period model …

price than the low type in the first period, and another where the high-type monopolist announces the product in the first …