Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221295
Authors: 
Spulber, Daniel F.
Year of Publication: 
1991
Series/Report no.: 
Discussion Paper No. 936
Abstract: 
The design of monopoly pricing strategies is examined in a general framework with an unknown population distribution of consumer characteristics, downward-sloping, multi-unit consumer demand, and increasing marginal cost Reference point pricing is introduced and is shown to implement the profit-maximizing allocation. The design of generalized priority is extended to the unknown demand setting. Nonlinear pricing is shown to be approximately optimal for the monopolist as the number of consumers gets large
Document Type: 
Working Paper

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