When should Monopolists Care about a Consumer Boycott?

Abstract

The usual analysis of monopolistic markets focuses merely on the seller ́s behavior. In this paper, we interpret the relationship between seller and buyers as a multiple Ultimatum Bargaining Game. We show that a profit maximizing monopolist may not sell at Cournot Price. When buyers are committed to reject price offers leading to an unfair split of the… (More)

Topics

3 Figures and Tables

Cite this paper

@inproceedings{Kritikos2002WhenSM, title={When should Monopolists Care about a Consumer Boycott?}, author={Alexander S. Kritikos and Friedel Bolle}, year={2002} }