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View all- Lobel IXiao W(2017)Technical Note—Optimal Long-Term Supply Contracts with Asymmetric Demand InformationOperations Research10.1287/opre.2017.162665:5(1275-1284)Online publication date: Oct-2017
Menu pricing competition and a common agency with informed principals
Pages 371 - 372
Abstract
We study a duopoly setting that consists of two capacity-constrained sellers and a single buyer. The capacity of each seller is her private information. The sellers simultaneously offer menus of quantity-price contracts to the buyer. Then the buyer chooses a set of contracts to maximize his own utility. We show that under certain natural conditions there exists a pure strategy equilibrium for the sellers which defines an efficient allocation. We study the effects of asymmetry of information, using the full information setting as a benchmark. We show that the revenue is higher when the capacities obtained by the sellers are private information.
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Index Terms
- Menu pricing competition and a common agency with informed principals
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Published In
June 2011
384 pages
ISBN:9781450302616
DOI:10.1145/1993574
- General Chair:
- Yoav Shoham,
- Program Chairs:
- Yan Chen,
- Tim Roughgarden
Copyright © 2011 Authors.
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Association for Computing Machinery
New York, NY, United States
Publication History
Published: 05 June 2011
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View all- Lobel IXiao W(2017)Technical Note—Optimal Long-Term Supply Contracts with Asymmetric Demand InformationOperations Research10.1287/opre.2017.162665:5(1275-1284)Online publication date: Oct-2017
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