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

Gabriel Srour

Staff Working Papers from Bank of Canada

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.

Keywords: Market; structure; and; pricing (search for similar items in EconPapers)
JEL-codes: D4 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:98-18

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