Competitive Externalities in Dynamic Monopolies with Stochastic Demand
نویسندگان
چکیده
منابع مشابه
Competitive Externalities in Dynamic Monopolies with Stochastic Demand
This paper analyzes equilibria in sequential take-it-or-leave-it sales when demand is stochastic. It is shown that equilibria in this sales mechanism, unlike in sequential auctions, trade-off allocative efficiency and competing buyers’ opportunities to acquire an item to be sold, permitting prices and expected revenue above those of one-shot offers. Hence Coase-type conjectures are invalid in t...
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ژورنال
عنوان ژورنال: Topics in Theoretical Economics
سال: 2006
ISSN: 1534-598X
DOI: 10.2202/1534-598x.1330