The Micro-Foundations of Intertemporal Price Discrimination
This paper investigates the optimality of intertemporal price discrimination for a durable-good monopoly in a model where infinitely-lived households face an intertemporal budget constraint, and consume both durable goods and non-durable goods. We prove that the optimal price of the durable good is...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2006
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/402 https://ink.library.smu.edu.sg/context/soe_research/article/1401/viewcontent/SMU_Koh_2005_02.pdf |
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| Institution: | Singapore Management University |
| Language: | English |