| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4991 |
| DP4991 Cannabis Prices and Dynamics of Cannabis Use | |
| Jan C. van Ours; Jenny Williams | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper studies dynamic pricing by a monopolist selling to buyers who learn from each other?s purchases. The price posted in each period serves to extract rent from the current buyer, as well as to control the amount of information transmitted to future buyers. As information increases future rent extraction, the monopolist has an incentive to subsidize learning by charging a price that results in information revelation. Nonetheless in the long run, the monopolist generally induces herding by either selling to all buyers or exiting the market. |
| 主题 | Industrial Organization |
| 关键词 | Monopoly Public information Social learning Herd behaviour Informational cascade |
| URL | https://cepr.org/publications/dp4991 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533889 |
| 推荐引用方式 GB/T 7714 | Jan C. van Ours,Jenny Williams. DP4991 Cannabis Prices and Dynamics of Cannabis Use. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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