A Critique on the Theory of Linear Price Monopoly
We show that the absence of friction between consumers is not sufficient for linear pricing by a monopolist. On the contrary, it is shown that this situation allows the monopolist to achieve perfect discrimination.
|Date of creation:||15 Jan 1998|
|Date of revision:||25 Sep 1998|
|Contact details of provider:|| Postal: Nir Dagan, Dept. of Economics and Management, Tel-Hai Academic College, Upper Galilee, Israel.|
Web page: http://www.nirdagan.com/research/
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