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On durable goods monopolies and the Coase-Conjecture

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Abstract.

Consider the durable goods monopoly game with uniformly distributed consumers' valuations. To establish the Coase-Conjecture in this context takes an infinite time horizon and a negligible delay between market rounds. An infinite time horizon or patience of market participants alone are not sufficient for the Coase-Conjecture, nor is an arbitrarily small delay between price offers within a finite time horizon.

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Authors and Affiliations

  1. Humboldt-Universität zu Berlin, Institut für Wirtschaftstheorie III, Spandauer Strasse 1, D-10178 Berlin, Germany (Tel.: +49-30-2093-5731; Fax.: +49-30-2093-5704) , , , , , , DE

    Werner Güth

  2. Institute for Advanced Studies, Department of Economics, Stumpergasse 56, A-1060 Vienna, Austria (Tel.: +43-1-59991-153; Fax.: +43-1-59991-163; e-mail.: ritzbe@ihs.ac.at) , , , , , , AT

    Klaus Ritzberger

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  1. Werner Güth
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  2. Klaus Ritzberger
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Received: 20 March 1996 / Accepted: 15 December 1997

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Güth, W., Ritzberger, K. On durable goods monopolies and the Coase-Conjecture. Rev Econ Design 3, 215–236 (1998). https://doi.org/10.1007/s100580050014

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  • DOI: https://doi.org/10.1007/s100580050014

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