Damaged durable goods, upgrades, and the coase conjecture
dc.contributor.author | Özener, Başak Altan | |
dc.date.accessioned | 2019-03-29T07:11:39Z | |
dc.date.available | 2019-03-29T07:11:39Z | |
dc.date.issued | 2018-12 | |
dc.identifier.issn | 0932-4569 | en_US |
dc.identifier.uri | http://hdl.handle.net/10679/6244 | |
dc.identifier.uri | https://www.mohrsiebeck.com/en/article/damaged-durable-goods-upgrades-andthe-coase-conjecture-101628093245618x15160188867245 | |
dc.description.abstract | 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 function of the common discount factor, the length of the time period between successive price changes, and the quality levels of the goods. We establish that introducing a lower-quality good (or equivalently, damaging a good) works as a commitment device only if consumers holding a durable good cannot reenter the market. When a buyer can upgrade the product, we establish that for all parameter values the Coase conjecture survives. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Mohr Siebeck | en_US |
dc.relation.ispartof | Journal of Institutional and Theoretical Economics | |
dc.rights | restrictedAccess | |
dc.title | Damaged durable goods, upgrades, and the coase conjecture | en_US |
dc.type | Article | en_US |
dc.peerreviewed | yes | en_US |
dc.publicationstatus | Published | en_US |
dc.contributor.department | Özyeğin University | |
dc.contributor.authorID | (ORCID 0000-0002-8960-5879 & YÖK ID 150968) Altan, Başak | |
dc.contributor.ozuauthor | Özener, Başak Altan | |
dc.identifier.volume | 174 | en_US |
dc.identifier.issue | 4 | en_US |
dc.identifier.startpage | 743 | en_US |
dc.identifier.endpage | 765 | en_US |
dc.identifier.wos | WOS:000447590800006 | |
dc.identifier.doi | 10.1628/093245618X15160188867245 | en_US |
dc.subject.keywords | Durable goods | en_US |
dc.subject.keywords | Monopoly | en_US |
dc.subject.keywords | Damaged goods | en_US |
dc.subject.keywords | Upgrades | en_US |
dc.subject.keywords | Pricing | en_US |
dc.identifier.scopus | SCOPUS:2-s2.0-85070688029 | |
dc.contributor.authorFemale | 1 | |
dc.relation.publicationcategory | Article - International Refereed Journal - Institution Academic Staff |
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