Dynamic monopoly pricing and herding
Dynamic monopoly pricing and herding
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DOI：
10.1111/j.1756-2171.2006.tb00063.x
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发表时间：
2006-12-01
影响因子：
2.3
通讯作者：
Vesterfund, Lise
中科院分区：
文献类型：
--
作者：
Bose, Subir;Orosel, Gerhard;Vesterfund, Lise
我们研究动态定价的垄断者销售给买家谁学习对方的购买。在每个时期公布的价格用于从当前买家那里提取租金，以及控制传递给未来买家的信息量。由于信息增加了未来的租金提取，垄断者有动机通过收取导致信息披露的价格来补贴学习。然而，从长远来看，垄断者通常会通过向所有买家出售或退出市场来诱导羊群效应。
We study dynamic pricing by a monopolist selling to buyers who learn from each other's purchases. The price posted in each period serves to extract rent from the current buyer, as well as to control the amount of information transmitted to future buyers. As information increases future rent extraction, the monopolist has an incentive to subsidize learning by charging a price that results in information revelation. Nonetheless, in the long run, the monopolist generally induces herding by either selling to all buyers or exiting the market.