Monopoly with Resale Supplementary Material
نویسندگان
چکیده
منابع مشابه
Auctions with synergy and resale
We study a sequential auction of two objects with two bidders, where the winner of the package obtains a synergy from the second object. If reselling after the two auctions occurs, it proceeds as either monopoly or monopsony take-it-or-leave-it offer. We find that a post-auction resale has a significant impact on bidding strategies in the auctions: Under the monopoly offer, there does not exist...
متن کاملAn Analysis of Profit and Consumer Surplus Implications of Resale
Abstract When a monopoly carrier provides multiple services(voice, data, video) through a single network, its’ profit-maximizing pricing policy usually induces resale. In many cases, resale can benefit consumers by providing them with a cheaper alternatives to a highpriced service. Nevertheless, in this paper, we demonstrate that there are situations in which the carrier can use resale to impro...
متن کاملMonopoly with resale
We examine the intricacies associated with the design of revenue-maximizing mechanisms for a monopolist who expects her buyers to resell. We consider two cases: resale to a third party who does not participate in the primary market and interbidder resale, where the winner resells to the losers. To influence the resale outcome, the monopolist must design an allocation rule and a disclosure polic...
متن کاملPrivate-Value Auctions, Resale, and Common Value
We establish the bid-equivalence between an independent private-value (IPV) rst-price auction model with resale and a model of rst-price common-value auctions. The common value is de ned by the transaction price when trade takes place. When there is no trade, the common value is de ned through a monotonic extension of the resale price function. We show bid equivalence when (1) there are two b...
متن کاملPerfect price discrimination with costless arbitrage
The ability of a monopoly seller to prevent resale is often presented as a necessary condition for first degree price discrimination. In this paper, we explore this claim and show that, even with costless arbitrage markets, price discrimination may continue to be both feasible and profit maximizing despite potential resale. With finite numbers of consumers, arbitrage markets may be ‘thin’, in t...
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تاریخ انتشار 2006