haku: @journal_id 1275 / yhteensä: 203
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| Tekijä: | Gilbert, R. Klemperer, P. |
| Otsikko: | An equilibrium theory of rationing |
| Lehti: | RAND Journal of Economics
2000 : SPRING, VOL. 31:1, p. 1-21 |
| Asiasana: | EQUILIBRIUM THEORY RATIONING PRICES |
| Kieli: | eng |
| Tiivistelmä: | Committing to prices that result in rationing may be more profitable than setting market-clearing prices if customers must make sunk investments to enter the market. Rationing is ex post inefficient, but it gives more surplus to lower-value consumers who are the marginal consumers the monopolist wants to tempt to make investments. Similarly, a monopolist may prosecure some requirements from high-cost "second sources" rather than purchase only from the lowest-cost suppliers. |
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