Private information in monopoly with random participation

30 05 2009

Economics Letters
Volume 102, Issue 2, February 2009, Pages 67-69 
 

Private information in monopoly with random participation

Alexander E. SaakCorresponding Author Contact Information, a, E-mail The Corresponding Author

aDepartment of Agricultural Economics, Kansas State University, Manhattan, KS 66506-4011, USA

Received 10 November 2007; 
revised 6 October 2008; 

accepted 7 October 2008. 
Available online 28 October 2008.

 

Abstract

In a setting with random participation the seller achieves higher expected profits under intermediate private information when the heterogeneity in reservation utilities is not too small or too great.

Keywords: Monopoly; Private information; Random participation

JEL classification codes: D42 (Monopoly); D82 (Asymmetric and Private Information)



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