𝔖 Bobbio Scriptorium
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Nonlinear Pricing with Random Participation

✍ Scribed by Rochet, Jean-Charles; Stole, Lars A.


Book ID
108533975
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
307 KB
Volume
69
Category
Article
ISSN
0034-6527

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Mixed linear-nonlinear pricing with bund
✍ Padmanabhan Srinagesh πŸ“‚ Article πŸ“… 1991 πŸ› Springer US 🌐 English βš– 759 KB

The practice of setting marginal prices below marginal costs is so common in telecommunications offerings that it can justifiably be labeled a stylized fact. In this paper, we present a stylized model that establishes conditions under which this practice is economically efficient and profit-maximizi