Monopoly Pricing of Capacity Usage under Asymmetric Information

Daniel Spulber

Journal of Industrial Economics, 1993, vol. 41, issue 3, 241-57

Abstract: The design of monopoly pricing strategies is examined in a general framework with an unknown population distribution of consumer characteristics and downward-sloping, multi-unit consumer demand. In addition, the monopolist has increasing marginal cost. Three pricing strategies are shown to implement the profit-maximizing allocation: reference point pricing, multi-unit competitive bidding with variable outputs, and generalized priority service. The analysis of pricing also is extended to include random capacity. Copyright 1993 by Blackwell Publishing Ltd.

Date: 1993
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