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Research Details
Monopoly Pricing, Journal of Economic Theory
Abstract
Monopoly pricing is examined in a general framework with an unknown population distribution of consumer characteristics, downward-sloping, multi-unit consumer demand, and increasing marginal cost. Reference point pricing is introduced and is shown to implement the profit-maximizing allocation. Nonlinear pricing is shown to be approximately optimal for the monopolist as the number of consumers gets large.
Type
Article
Author(s)
Date Published
1993
Citations
Spulber, Daniel. 1993. Monopoly Pricing. Journal of Economic Theory.(1): 222-234.
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