Optimal Multiproduct Nonlinear Pricing with Correlated Consumer Types
نویسندگان
چکیده
منابع مشابه
Optimal Multiproduct Nonlinear Pricing with Correlated Consumer Types
In this paper we examine the design of nonlinear prices by a multiproduct monopolist who faces customers with multidimensional but correlated types. We show that the monopoly can exploit the correlations between consumers’ types to design pricing mechanisms that fully extract the surplus from each consumer. Our main insight is that regardless of the dimensionality of the consumers types and the...
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We consider consumer entry in the canonical monopolistic nonlinear pricing model (Mussa and Rosen, 1978) wherein consumers learn their preference “types” after incurring privately known entry costs. We show that by taking into account consumer entry, the nature of optimal nonlinear pricing contracts changes significantly: compared to the benchmark without costly entry, in our model both quality...
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We study pricing by multiproduct firms in the context of unregulated monopoly, regulated monopoly and Cournot oligopoly. Using the concept of consumer surplus as a function of quantities (rather than prices), we present simple formulas for optimal prices and show that Cournot equilibrium exists and corresponds to a Ramsey optimum. We then present a tractable class of demand systems that involve...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.235317