Dynamic durable goods monopoly and market power
dc.contributor.author | Özener, Başak Altan | |
dc.date.accessioned | 2021-06-15T13:05:47Z | |
dc.date.available | 2021-06-15T13:05:47Z | |
dc.date.issued | 2020-06 | |
dc.identifier.issn | 2073-4336 | en_US |
dc.identifier.uri | http://hdl.handle.net/10679/7438 | |
dc.identifier.uri | https://www.mdpi.com/2073-4336/11/2/22 | |
dc.description.abstract | 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. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | MDPI | en_US |
dc.relation.ispartof | Games | |
dc.rights | openAccess | |
dc.title | Dynamic durable goods monopoly and market power | en_US |
dc.type | Article | en_US |
dc.description.version | Publisher version | 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 | 11 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.wos | WOS:000621042100006 | |
dc.identifier.doi | 10.3390/g11020022 | en_US |
dc.relation.ec | info:eu-repo/grantAgreement/EC/FP7/12345. | |
dc.subject.keywords | Differentiation | en_US |
dc.subject.keywords | Durable goods | en_US |
dc.subject.keywords | Monopoly | en_US |
dc.subject.keywords | Pricing | en_US |
dc.subject.keywords | Quality | en_US |
dc.identifier.scopus | SCOPUS:2-s2.0-85085329863 | |
dc.relation.publicationcategory | Article - International Refereed Journal - Institutional Academic Staff |
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