Managing Strategic Buyers
Managing Strategic Buyers
复制标题
管理战略买家
DOI:
--
复制
发表时间:
2008
影响因子:
8.2
通讯作者:
M. Palacios
中科院分区:
文献类型:
--
作者:
O. Bohoudi;A. Bruynzeel;S. Senan;J. Cuijpers;B. Slotman;F. Lagerwaard;M. Palacios
We consider the problem of a monopolist who must sell her inventory before some deadline, facing buyers with independent private values. The seller faces a basic trade-off between imperfect price discrimination and maintaining an effective reserve price. When there is only one unit and only a few buyers, the seller essentially posts unacceptable prices up to the very end, at which point prices collapse in a series of jumps to a “reserve price” exceeding marginal cost. When there are many buyers, the seller abandons this reserve price in order to more effectively screen buyers, with prices decreasing continuously over time.