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Damaged durable goods, upgrades, and the coase conjecture
(Mohr Siebeck, 2018-12)
This study analyzes a damaged-goods market for a perfectly durable good in an infinite-horizon, discrete-time game. We characterize Markov perfect equilibria of this game under different buyer upgrade possibilities as a ...
Dynamic durable goods monopoly and market power
(MDPI, 2020-06)
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 ...
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