Type
Text
Type
Dissertation
Advisor
Brusco, Sandro | Tauman, Yair | Dubey, Pradeep | Lopomo, Giuseppe.
Date
2015-12-01
Keywords
Economics | Durable good monopoly, Durable good oligopoly, Quality choice, Vertical differentiation
Department
Department of Economics.
Language
en_US
Source
This work is sponsored by the Stony Brook University Graduate School in compliance with the requirements for completion of degree.
Identifier
http://hdl.handle.net/11401/77423
Publisher
The Graduate School, Stony Brook University: Stony Brook, NY.
Format
application/pdf
Abstract
This dissertation constructs a model of durable-goods oligopoly and monopoly in which quality choice is allowed and analyzes the equilibrium behavior of the firms and consumers. The second chapter considers the case of multiple firms and continuum of consumers whose types are uniformly distributed in infinite horizon setting and shows that there exists an equilibrium where higher-quality good is not offered before certain period even though firms are capable of producing them. The first section of the third chapter analyzes the market which consists of a monopolist who faces a single consumer that has two possible types and shows that the firm charges higher first period price when the consumer's valuation is more likely to be high. The second section of the third chapter examines the market which consists of a monopolist who faces continuum of consumers whose types are again uniformly distributed and shows that lower-quality good is offered only if the monopolist is patient enough. | 34 pages
Recommended Citation
Komatsudani, Shino, "Essays on Durable Good Market with Quality Choice" (2015). Stony Brook Theses and Dissertations Collection, 2006-2020 (closed to submissions). 3238.
https://commons.library.stonybrook.edu/stony-brook-theses-and-dissertations-collection/3238