scholarly journals Merton problem in an infinite horizon and a discrete time with frictions

2016 ◽  
Vol 12 (4) ◽  
pp. 1323-1331
Author(s):  
Senda Ounaies ◽  
Jean-Marc Bonnisseau ◽  
Souhail Chebbi ◽  
Halil Mete Soner
Keyword(s):  
Discrete Time ◽  
Infinite Horizon ◽  
Merton Problem

Efficiency in one-sector, discrete-time, infinite-horizon models

1984 ◽  
Vol 33 (1) ◽  
pp. 183-196 ◽  
Author(s):  
Anders Borglin ◽  
Hans Keiding
Keyword(s):  
Discrete Time ◽  
Infinite Horizon

scholarly journals Dynamic Durable Goods Monopoly and Market Power

Games ◽  
2020 ◽  
Vol 11 (2) ◽  
pp. 22
Author(s):  
Basak Altan
Keyword(s):  
Market Power ◽  
Discrete Time ◽  
Durable Goods ◽  
Infinite Horizon ◽  
Monopoly Power ◽  
Durable Good ◽  
Durable Goods Monopoly ◽  
Markov Perfect

We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of parameters supporting a monopoly outcome is larger when the seller offers different quality versions of the same product. Hence, our results suggest that, when the innate durability of a product is high, the seller should offer different quality versions of the product.

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