Dynamic durable goods monopoly and market power
Summary: We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different quality versions of the same product. Hence, our results suggest that, when the innate durability of a product is high, the seller should offer different quality versions of the product.
- scientific article; zbMATH DE number 2099873
- Monopoly with endogenous durability.
- Asymmetric information and differentiated durable goods monopoly: intra-period versus intertemporal discrimination
- Quality, upgrades and equilibrium in a dynamic monopoly market
- Durable goods with quality differentiation
- A generalized theorem of the maximum
- Durable Goods Monopoly with Entry of New Consumers
- Durable goods with quality differentiation
- Foundations of dynamic monopoly and the Coase conjecture
- Intertemporal price--quality discrimination and the Coase conjecture
- Reputation in Bargaining and Durable Goods Monopoly
- Monopoly distortions in durability and multi-dimensional quality
- Dynamic monopolies of constant size
- Intertemporal quality discrimination of a durable good monopolist
- Durable goods with quality differentiation
- Asymmetric information and differentiated durable goods monopoly: intra-period versus intertemporal discrimination
- Dynamic monopoly with nondurable goods
- Quality, upgrades and equilibrium in a dynamic monopoly market
- A theory of finitely durable goods monopoly with used-goods market and transaction costs
- Durable Goods Monopoly with Incomplete Information
- Durable goods monopoly with stochastic costs
- scientific article; zbMATH DE number 2099873 (Why is no real title available?)
- New product development in a durable good monopoly market
- scientific article; zbMATH DE number 2209542 (Why is no real title available?)
- Monopoly with endogenous durability.
- Duopoly and endogenous single product quality strategies
- Monopoly and quality omission
- Choice of product variety for the durable-goods monopolist
- Competitive search markets for durable goods
- Monopoly, multi-product quality, consumer heterogeneity, and market segmentation
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