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The Sale of Durable Goods by a Monopolist in a Stochastic Environment
Staff Working Paper 1998-18 Gabriel SrourThis paper examines the sale of durable goods by a monopolist in a stochastic partil equilibrium setting. It analyzes the responses of prices and output to various types of shocks and notes the differences with non-durable goods and competitive markets. It shows that behavior in this model with constant marginal costs of production is in […]Content Type(s): Staff research, Staff working papers Topic(s): Market structure and pricing JEL Code(s): D, D4
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