Reputation in Bargaining and Durable Goods Monopoly
نویسندگان
چکیده
منابع مشابه
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The proof of Theorem 2 is organized as follows. First, I show that the lower bound L(x, q) (i.e., the value function of the optimal stopping problem (15)) is well defined for all q ∈ [0, 1]. Then I show that the monopolist's equilibrium profits are equal to L(x, q) for all states (x, q).
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ژورنال
عنوان ژورنال: Econometrica
سال: 1989
ISSN: 0012-9682
DOI: 10.2307/1911050