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dc.contributor.authorÖzener, Başak Altan
dc.date.accessioned2019-03-29T07:11:39Z
dc.date.available2019-03-29T07:11:39Z
dc.date.issued2018-12
dc.identifier.issn0932-4569en_US
dc.identifier.urihttp://hdl.handle.net/10679/6244
dc.identifier.urihttps://www.mohrsiebeck.com/en/article/damaged-durable-goods-upgrades-andthe-coase-conjecture-101628093245618x15160188867245
dc.description.abstractThis 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.isoengen_US
dc.publisherMohr Siebecken_US
dc.relation.ispartofJournal of Institutional and Theoretical Economics
dc.rightsrestrictedAccess
dc.titleDamaged durable goods, upgrades, and the coase conjectureen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatusPublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID 0000-0002-8960-5879 & YÖK ID 150968) Altan, Başak
dc.contributor.ozuauthorÖzener, Başak Altan
dc.identifier.volume174en_US
dc.identifier.issue4en_US
dc.identifier.startpage743en_US
dc.identifier.endpage765en_US
dc.identifier.wosWOS:000447590800006
dc.identifier.doi10.1628/093245618X15160188867245en_US
dc.subject.keywordsDurable goodsen_US
dc.subject.keywordsMonopolyen_US
dc.subject.keywordsDamaged goodsen_US
dc.subject.keywordsUpgradesen_US
dc.subject.keywordsPricingen_US
dc.identifier.scopusSCOPUS:2-s2.0-85070688029
dc.contributor.authorFemale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institution Academic Staff


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