MONOPOLY® PRICING

John Cawley and Donald Kenkel

Economic Inquiry, 2010, vol. 48, issue 2, 517-520

Abstract: There is a large and rich literature in economics on monopoly pricing. However, a close examination of this literature reveals a surprising gap: there have been virtually no studies of Monopoly® pricing. We fill that void with an empirical examination of the pricing of the board game Monopoly®. In particular, we examine market‐level, quarterly prices from 1990 to 2002 and find substantial evidence of the phenomenon of customary pricing. (JEL L83, L1, L12, Z11, D42)

Date: 2010
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https://doi.org/10.1111/j.1465-7295.2009.00199.x

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