Upgrading, Degrading, and Intertemporal Price Discrimination
The paper studies monopoly pricing of a vertically differentiated durable good in a two-period model. It provides an explanation for seemingly unusual practice of a firm selling a degraded good, arguing that the presence of Coasian dynamics may lead to the sale of the degraded good that is not less...
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/527 |
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| Institution: | Singapore Management University |
| Language: | English |