• Title of article

    On the uniqueness of optimal prices set by monopolistic sellers

  • Author/Authors

    van den Berg، نويسنده , , Gerard J.، نويسنده ,

  • Issue Information
    دوفصلنامه با شماره پیاپی سال 2007
  • Pages
    10
  • From page
    482
  • To page
    491
  • Abstract
    This paper considers price determination by monopolistic sellers who know the distribution of valuations among the potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings, this condition is easy to interpret, and it is valid for a very wide range of distributions of valuations. The results carry over to the optimal minimum price in independent private value auctions. In addition, they can be fruitfully applied in the analysis of quantity discount price policies.
  • Keywords
    Minimum price , Hazard rate , Regularity , Monopoly , auction
  • Journal title
    Journal of Econometrics
  • Serial Year
    2007
  • Journal title
    Journal of Econometrics
  • Record number

    1559251