On durable goods monopolies and the Coase-Conjecture

Klaus Ritzberger and Werner Güth ()

Review of Economic Design, 1998, vol. 3, issue 3, 215-236

Abstract: Consider the durable goods monopoly game with uniformly distributed consumers' valuations. To establish the Coase-Conjecture in this context takes an infinite time horizon and a negligible delay between market rounds. An infinite time horizon or patience of market participants alone are not sufficient for the Coase-Conjecture, nor is an arbitrarily small delay between price offers within a finite time horizon.

JEL-codes: C72 D42 L12 L13 (search for similar items in EconPapers)
Date: 1998-07-03
Note: Received: 20 March 1996 / Accepted: 15 December 1997
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