Matches in SemOpenAlex for { <https://semopenalex.org/work/W125307984> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W125307984 endingPage "293" @default.
- W125307984 startingPage "292" @default.
- W125307984 abstract "A durable good is a long-lasting good that can be consumed repeatedly over time, and a duropolist is a monopolist in the market of a durable good. Theoretically, less is known about durable goods than their more well-studied counterparts, consumable and perishable goods. It was quite startling, therefore, when Ronald Coase (1972) conjectured that a duropolist has no monopoly power at all! Specifically, a duropolist who lacks commitment power cannot sell the good above the competitive price if the time between periods approaches zero. The Coase conjecture was first proved by Gul et al. (1986) under an infinite time horizon model with non-atomic consumers. Remarkably, the situation changes dramatically for atomic consumers and an infinite time horizon. Bagnoli et al. (1989) showed the existence of a subgame perfect Nash equilibrium where the duropolist extracts all the consumer surplus, provided the discount factor is large enough. Thus, for atomic consumers, the duropolist may have perfect price discriminatory power! Observe that, in these cases, duropoly profits are either arbitrarily smaller or arbitrarily larger than the corresponding static monopoly profits - the profit a monopolist for an equivalent consumable good could generate. Neither situation accords in practice with the profitability of durable good producers. Indeed we show that the results of Gul et al. (1986) and Bagnoli et al. (1989) are driven by the infinite time horizons. For finite time horizons, duropoly profits for any equilibrium satisfying the standard skimming property closely relate to static monopoly profits. In particular, for atomic agents, we prove that duropoly profits are always at least as large as static monopoly profits, but never exceed double the static monopoly profits." @default.
- W125307984 created "2016-06-24" @default.
- W125307984 creator A5027727214 @default.
- W125307984 creator A5047802067 @default.
- W125307984 creator A5090899327 @default.
- W125307984 date "2014-01-01" @default.
- W125307984 modified "2023-09-22" @default.
- W125307984 title "Bounds on the Profitability of a Durable Good Monopolist" @default.
- W125307984 cites W1996144902 @default.
- W125307984 cites W2063515507 @default.
- W125307984 cites W2141481859 @default.
- W125307984 doi "https://doi.org/10.1007/978-3-319-13129-0_23" @default.
- W125307984 hasPublicationYear "2014" @default.
- W125307984 type Work @default.
- W125307984 sameAs 125307984 @default.
- W125307984 citedByCount "2" @default.
- W125307984 countsByYear W1253079842017 @default.
- W125307984 countsByYear W1253079842018 @default.
- W125307984 crossrefType "book-chapter" @default.
- W125307984 hasAuthorship W125307984A5027727214 @default.
- W125307984 hasAuthorship W125307984A5047802067 @default.
- W125307984 hasAuthorship W125307984A5090899327 @default.
- W125307984 hasConcept C10138342 @default.
- W125307984 hasConcept C129361004 @default.
- W125307984 hasConcept C144237770 @default.
- W125307984 hasConcept C162324750 @default.
- W125307984 hasConcept C175444787 @default.
- W125307984 hasConcept C175983524 @default.
- W125307984 hasConcept C181622380 @default.
- W125307984 hasConcept C202444582 @default.
- W125307984 hasConcept C2780990831 @default.
- W125307984 hasConcept C2781127519 @default.
- W125307984 hasConcept C33923547 @default.
- W125307984 hasConcept C41008148 @default.
- W125307984 hasConcept C46814582 @default.
- W125307984 hasConcept C61933577 @default.
- W125307984 hasConcept C79202496 @default.
- W125307984 hasConcept C98965940 @default.
- W125307984 hasConceptScore W125307984C10138342 @default.
- W125307984 hasConceptScore W125307984C129361004 @default.
- W125307984 hasConceptScore W125307984C144237770 @default.
- W125307984 hasConceptScore W125307984C162324750 @default.
- W125307984 hasConceptScore W125307984C175444787 @default.
- W125307984 hasConceptScore W125307984C175983524 @default.
- W125307984 hasConceptScore W125307984C181622380 @default.
- W125307984 hasConceptScore W125307984C202444582 @default.
- W125307984 hasConceptScore W125307984C2780990831 @default.
- W125307984 hasConceptScore W125307984C2781127519 @default.
- W125307984 hasConceptScore W125307984C33923547 @default.
- W125307984 hasConceptScore W125307984C41008148 @default.
- W125307984 hasConceptScore W125307984C46814582 @default.
- W125307984 hasConceptScore W125307984C61933577 @default.
- W125307984 hasConceptScore W125307984C79202496 @default.
- W125307984 hasConceptScore W125307984C98965940 @default.
- W125307984 hasLocation W1253079841 @default.
- W125307984 hasOpenAccess W125307984 @default.
- W125307984 hasPrimaryLocation W1253079841 @default.
- W125307984 hasRelatedWork W1532957346 @default.
- W125307984 hasRelatedWork W1544682183 @default.
- W125307984 hasRelatedWork W1966849978 @default.
- W125307984 hasRelatedWork W2019060604 @default.
- W125307984 hasRelatedWork W2024548680 @default.
- W125307984 hasRelatedWork W2087925182 @default.
- W125307984 hasRelatedWork W2093485161 @default.
- W125307984 hasRelatedWork W2182501081 @default.
- W125307984 hasRelatedWork W2278304538 @default.
- W125307984 hasRelatedWork W2307251090 @default.
- W125307984 hasRelatedWork W2411417261 @default.
- W125307984 hasRelatedWork W2904656709 @default.
- W125307984 hasRelatedWork W3003987704 @default.
- W125307984 hasRelatedWork W3024199929 @default.
- W125307984 hasRelatedWork W3121615441 @default.
- W125307984 hasRelatedWork W3121745813 @default.
- W125307984 hasRelatedWork W3125198935 @default.
- W125307984 hasRelatedWork W3148432510 @default.
- W125307984 hasRelatedWork W3206091946 @default.
- W125307984 hasRelatedWork W2127338531 @default.
- W125307984 isParatext "false" @default.
- W125307984 isRetracted "false" @default.
- W125307984 magId "125307984" @default.
- W125307984 workType "book-chapter" @default.