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Imperfect durability and the Coase conjecture

Authors :
Deneckere, Raymond
Liang, Meng-Yu
Source :
RAND Journal of Economics. Spring, 2008, Vol. 39 Issue 1, p1, 19 p.
Publication Year :
2008

Abstract

This article considers a market served by a monopolist who sells a durable good that depreciates stochastically over time. We show that there exist three types of stationary equilibria: a [...]

Subjects

Subjects :
Monopolistic competition -- Forecasts and trends -- Analysis
Durable goods -- Supply and demand
Coase theorem -- Analysis -- Forecasts and trends
Market trend/market analysis
Business
Economics

Details

Language :
English
ISSN :
07416261
Volume :
39
Issue :
1
Database :
Gale General OneFile
Journal :
RAND Journal of Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.178894399

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Authors Abstract Subjects Details