search query: @author Fudenberg, D. / total: 10
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| Author: | Fudenberg, D. Tirole, J. |
| Title: | Upgrades, tradeins, and buybacks |
| Journal: | RAND Journal of Economics
1998 : SUMMER, VOL. 29:2, p. 235-258 |
| Index terms: | CONSUMER DURABLES MONOPOLY PRICING |
| Freeterms: | UPGRADES TRADEINS BUYBACKS |
| Language: | eng |
| Abstract: | This papers studies monopoly pricing of overlapping generations of a durable good. Two short goods are considered: Those with a secondhand market and anonymous consumers, and those with no secondhand market and consumers who can prove they purchased the old good to qualify for a discount on a new one. In the fist case it is shown that the monopolist may choose to either produce or repurchase the old good once the new one becomes available. In the latter it is determined, when the monopolist chooses to offer upgrade discounts. |
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