Dynamic Durable Goods Monopoly and Market Power
We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of parameters...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-05-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/11/2/22 |