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| Author: | Kumar, P. |
| Title: | Price and quality discrimination in durable goods monopoly with resale trading |
| Journal: | International Journal of Industrial Organization
2003 : NOV, VOL. 20:9, p. 1313-1339 |
| Index terms: | Industrial concentration Consumer durables |
| Language: | eng |
| Abstract: | The monopolist's optimal price and quality offers in the new good market exhibit complex dynamic patterns, and new good prices can fall in the new good market exhibit complex dynamic patterns, and new good prices can fall as product quality improves even in the absence of entry threats or learning economies. Initial quality distortions are followed by steady-stae allocations that are always efficient for the high-valuation buyers, but sometimes also for the marginal consumer-types. |
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