Non-optimality of state by state monopoly pricing with demand uncertainty: An example
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DOI: 10.1016/j.econlet.2019.108561
Abstract: Abstract This paper considers a monopoly’s profit maximizing problem, where there is a continuum of consumers with unit demand, and valuations are given by one of two possible demand distributions/states. The firm’s problem is to… read more here.
Keywords: optimality state; state state; state; non optimality ... See more keywords