文献类型：期刊文献

英文题名：Timing of investments and third degree price discrimination in intermediate good markets

作者：Li, Youping

机构：[1]E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China

年份：2013

卷号：121

期号：2

起止页码：316

外文期刊名：ECONOMICS LETTERS

收录：;WOS:【SSCI(收录号:WOS:000326614200042)】；

语种：英文

外文关键词：Price discrimination; Intermediate good; Investment; Timing

摘要：This paper studies the discriminatory pricing of an intermediate good and compares two models with a different timing of investments undertaken by the downstream firms, before or after the upstream monopolist sets the input prices. When the more efficient downstream firm is charged a higher price than the less efficient firm in the first model, in the second model when investments are made after input prices are set, it may be charged a lower price due to the additional indirect effect of input prices on derived demands (via the change of investment incentives). It is illustrated that, with linear market demand and quadratic investment cost, whether a lower or higher price is charged to the more efficient firm depends on the ratio of the linear and quadratic coefficients in the cost function. (C) 2013 Elsevier B.V. All rights reserved.