BIROn - Birkbeck Institutional Research Online

    Competitive externalities in dynamic monopolies with stochastic demand

    Beckert, Walter (2006) Competitive externalities in dynamic monopolies with stochastic demand. B.E. Journal of Theoretical Economics 6 (1), ISSN 1935-1704.

    [img]
    Preview
    Text (Refereed)
    beckert.pdf - Published Version of Record

    Download (188kB) | Preview

    Abstract

    This paper analyzes equilibria in sequential take-it-or-leave-it sales when demand is stochastic. It is shown that equilibria in this sales mechanism, unlike in sequential auctions, trade-off allocative efficiency and competing buyers' opportunities to acquire an item to be sold, permitting prices and expected revenue above those of one-shot offers. Hence Coase-type conjectures are invalid in this setting.

    Metadata

    Item Type: Article
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 02 Jun 2020 07:59
    Last Modified: 13 Jun 2021 20:24
    URI: https://eprints.bbk.ac.uk/id/eprint/32102

    Statistics

    Downloads
    Activity Overview
    68Downloads
    55Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item