Monopolio di beni durevoli: coase e pantaleoni a confronto

Italo Magnani

STUDI ECONOMICI, 2015, vol. 2015/115, issue 115, 5-60

Abstract: "Monopoly of Durable Goods": Coase vs. Pantaleoni This paper addresses certain issues of priority about the monopoly of durable goods. It argues that Maffeo Pantaleoni was the first scholar to address the topic: the monopolist has the possibility and convenience to sell the whole stock of durable goods he owns by applying a policy of price discrimination. It is worth noticing that Coase, similarly to Pantaleoni, recognises that the monopoly of durable goods sells the entire stock he owns. Nevertheless, on the other hand, he also denies that price discrimination can be pursued. As argued by this paper, Coase?s argument suffers of important flaws and, from certain points of view, is also contradictory. Moreover, in spite of the good it contains, his argument came after many decades since Pantaleoni understood the specificity of the question, addressed it convincingly, and wrote on it.

JEL-codes: B00 (search for similar items in EconPapers)
Date: 2015
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