Abstract
In infinite horizon, a credible durable-good monopolist may resort to intertemporal price discrimination. We provide an analytical characterization of his optimal price policy when consumers and the monopolist have different values for the trade because of distinct discount factors.
| Original language | English |
|---|---|
| Pages (from-to) | 358-361 |
| Number of pages | 4 |
| Journal | Economics Letters |
| Volume | 122 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1 Feb 2014 |
| Externally published | Yes |
Keywords
- Durable-good monopolist
- Intertemporal price discrimination
- Non-transferability
- Nonlinear pricing