On the Optimal Pricing Policy of a Monopolist
Bibliographic Data
| ID | 10175973 |
|---|---|
| Authors | Charles A Wilson (0000-0002-4211-7907, corresponding author) |
| Year | 1988 |
| Volume | 96 |
| Issue | 1 |
| Pages | 164-176 |
| Publication date | 1988-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261529 |
| OpenAlex | W1975577675 |
| Language | EN |
| Citations received | 2 |
This paper presents a simple explanation of price dispersion by a monopolist assu ming only that consumers arrive in a random order and are served on a first-come-first-served basis. A firm can sometimes increase its pro fits by charging two different prices for the same good and rationing sales at the lower price. However, it is never necessary to charge m ore than two prices, and a single price is sufficient as long as eith er the marginal revenue curve is everywhere downward sloping or the m arginal cost of production is constant. Copyright 1988 by University of Chicago Press
Constant (computer programming · Econometrics · Economics · Marginal cost · Marginal revenue · Microeconomics · Order (exchange · Production (economics · Rationing · Revenue · Computer Science · Consumer Market Behavior and Pricing · Economic theories and models · Finance · Fiscal Policy and Economic Growth
| Citations per year | 0.06 |
|---|---|
| Citation span | 1991 - 2007 (17) |
| Highly cited | No |