Skip navigation
Full metadata record
DC FieldValueLanguage
dc.contributor.authorRadner, Roy-
dc.contributor.authorRichardson, Thomas J.-
dc.date.accessioned2006-02-06T14:57:53Z-
dc.date.available2006-02-06T14:57:53Z-
dc.date.issued1999-08-
dc.identifier.urihttp://hdl.handle.net/2451/14282-
dc.description.abstractWe characterize the optimal dynamic price policy of a monopolist who faces "viscous" demand for its services. Demand is viscous if it adjusts relatively slowly to price changes. We show that with the optimal policy the monopolist stops short of achieving 100% market penetration, even when all of the consumers have the same long-run willingness to pay for the service. Furthermore, for certain parameter values in the model, the price policy requires rapid oscillations of the price path.en
dc.format.extent22609857 bytes-
dc.format.mimetypeapplication/pdf-
dc.languageEnglishEN
dc.language.isoen_US-
dc.publisherStern School of Business, New York Universityen
dc.relation.ispartofseriesIS-99-07-
dc.titleMonopolists and Viscous Demanden
dc.typeWorking Paperen
dc.description.seriesInformation Systems Working Papers SeriesEN
Appears in Collections:IOMS: Information Systems Working Papers

Files in This Item:
File Description SizeFormat 
IS-99-07.pdf22.08 MBAdobe PDFView/Open


Items in FDA are protected by copyright, with all rights reserved, unless otherwise indicated.