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Dynamic Monopoly Pricing and Herding

Marco Ottaviani, Northwestern University
Subir Bose
Gerhard Orosel, Vienna
Lise Vesterlund, Pittsburgh

Abstract

Dynamic pricing by a monopolist selling to buyers who learn from each other’s purchases, with implications for herd behavior and welfare.

Suggested Citation

Marco Ottaviani, Subir Bose, Gerhard Orosel, and Lise Vesterlund. "Dynamic Monopoly Pricing and Herding" RAND Journal of Economics 37.4 (2006): 912-930.