کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
966047 | 1479266 | 2014 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The choice of the number of varieties: Justifying simple mechanisms
ترجمه فارسی عنوان
انتخاب تعداد ارقام: توجیه مکانیزم های ساده
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کلمات کلیدی
طراحی مکانیسم، قیمت گذاری غیر خطی، منوی کوتاه
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
ریاضیات کاربردی
چکیده انگلیسی
We study a mechanism designer's trade-off between the complexity level and optimality level of a mechanism. While our techniques apply to a much larger class of mechanism design problems, we focus on the quality differentiation model of Mussa and Rosen (1978), restricting the monopolist to menus with at most a finite number n of varieties. We prove that (i) the marginal benefit of adding one more variety is diminishing in n; (ii) the loss from restricting the number of varieties is of order no more than 1/n2; (iii) the marginal benefit of adding one more variety is of order no more than 1/n3; and (iv) offering only two varieties can lead to more than two-thirds of the potential profit from the second best offering. Our analysis suggests that the monopolist would probably offer only a small number of varieties in the menu.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 54, October 2014, Pages 7-21
Journal: Journal of Mathematical Economics - Volume 54, October 2014, Pages 7-21
نویسندگان
Adam Chi Leung Wong,