Rationing as a Signal
Two consumers sequentially purchase at most one unit of some homogeneous good from a monopolist who knows the state of nature, either high or low. I characterize a rationing equilibrium at which the high-type monopolist produces only one unit and rations customers, whereas the low-type monopolist serves customers by producing two units.
Volume (Year): 1 (2002)
Issue (Month): 2 (August)
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