A lower-bound on monopoly profit for log-concave demand

Daniele Condorelli

Economics Letters, 2022, vol. 210, issue C

Abstract: If demand is log-concave, then a monopolist obtains at least 1/e of the area under the demand.

Keywords: Monopoly; Log-concavity; 1/e (search for similar items in EconPapers)
JEL-codes: D42 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:210:y:2022:i:c:s0165176521004407

DOI: 10.1016/j.econlet.2021.110178

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