Monopoly Pricing With Network Externalities

Detalhes bibliográficos
Autor(a) principal: Cabral, Luís M. B.
Data de Publicação: 1992
Outros Autores: Slant, David, Woroch, Glenn
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/85963
Resumo: How should a monopolist price a new durable good or technology which is subject to network externalities? In particular, should the monopolist set a low introductory price to attract a "critical mass" of adopters? In this paper, by means of a series of stylized models, we provide intuition as to when and why introductory pricing might occur in the presence of network externalities. Incomplete information about demand, asymmetric information about costs or difficulties in coordination are necessary in order for introductory pricing to occur at a subgame perfect equilibrium.
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spelling Monopoly Pricing With Network ExternalitiesHow should a monopolist price a new durable good or technology which is subject to network externalities? In particular, should the monopolist set a low introductory price to attract a "critical mass" of adopters? In this paper, by means of a series of stylized models, we provide intuition as to when and why introductory pricing might occur in the presence of network externalities. Incomplete information about demand, asymmetric information about costs or difficulties in coordination are necessary in order for introductory pricing to occur at a subgame perfect equilibrium.Nova SBERUNCabral, Luís M. B.Slant, DavidWoroch, Glenn2019-10-31T10:17:10Z19921992-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/85963engCabral, Luis, Slant, David and Woroch, Glenn, Monopoly Pricing With Network Externalities (1992). FEUNL Working Paper Series No. 196info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:38:40Zoai:run.unl.pt:10362/85963Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:39.623201Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Monopoly Pricing With Network Externalities
title Monopoly Pricing With Network Externalities
spellingShingle Monopoly Pricing With Network Externalities
Cabral, Luís M. B.
title_short Monopoly Pricing With Network Externalities
title_full Monopoly Pricing With Network Externalities
title_fullStr Monopoly Pricing With Network Externalities
title_full_unstemmed Monopoly Pricing With Network Externalities
title_sort Monopoly Pricing With Network Externalities
author Cabral, Luís M. B.
author_facet Cabral, Luís M. B.
Slant, David
Woroch, Glenn
author_role author
author2 Slant, David
Woroch, Glenn
author2_role author
author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Cabral, Luís M. B.
Slant, David
Woroch, Glenn
description How should a monopolist price a new durable good or technology which is subject to network externalities? In particular, should the monopolist set a low introductory price to attract a "critical mass" of adopters? In this paper, by means of a series of stylized models, we provide intuition as to when and why introductory pricing might occur in the presence of network externalities. Incomplete information about demand, asymmetric information about costs or difficulties in coordination are necessary in order for introductory pricing to occur at a subgame perfect equilibrium.
publishDate 1992
dc.date.none.fl_str_mv 1992
1992-01-01T00:00:00Z
2019-10-31T10:17:10Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/85963
url http://hdl.handle.net/10362/85963
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Cabral, Luis, Slant, David and Woroch, Glenn, Monopoly Pricing With Network Externalities (1992). FEUNL Working Paper Series No. 196
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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