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The Durable Monopoly Game, Part I: Theory and the Anti-Coase Conjecture

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Type: Book
Author: Güth, Werner; Ritzberger, Klaus
Date: 1991
URI: https://hdl.handle.net/10535/5765
Sector: Theory
Subject(s): game theory
Coase theorem
Abstract: "The durable monopoly game with uniformly distributed consumers is studied within a finite time horizon. It is shown that the game generically posseses a unique subgame perfect equilibrium which can be explicitely calculated. To test the Coase-Conjecture the finite time horizon is divided into successively more subperiods and the limiting solution is derived. It turns out that the Coase-Conjecture does not hold."

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