The Durable Monopoly Game, Part I: Theory and the Anti-Coase Conjecture
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Date
1991
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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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Keywords
game theory, Coase theorem