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The Sale of Durable Goods by a Monopolist in a Stochastic Environment

Author

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  • Gabriel Srour

Abstract

This 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 many respects similar to behavior under perfect competition with increasing marginal costs.

Suggested Citation

  • Gabriel Srour, 1998. "The Sale of Durable Goods by a Monopolist in a Stochastic Environment," Staff Working Papers 98-18, Bank of Canada.
    • Handle: RePEc:bca:bocawp:98-18
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp98-18.pdf
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    References listed on IDEAS

    as
    1. Parker, J.A., 1997. "The Timing of Purchases, Market Power, and Economic Fluctuations," Working papers 9723, Wisconsin Madison - Social Systems.
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    More about this item

    Keywords

    Market structure and pricing;

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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