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
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