Non-Stationary Demand in a Durable Goods Monopoly

In a context where demand for the services of a durable good changes over time, and this change may be uncertain, the paper shows that social welfare may be higher when the monopolist seller can commit to any future price level she wishes than when she cannot. Moreover, the equilibrium under a monopolist with commitment power may Pareto-dominate the equilibrium under a monopolist without commitment ability. These results affect the desired regulation of a durable goods monopolist in this context.

Annual report 2001 - North Pacific Marine Science Organization (PICES). Tenth meeting, Victoria, B.C., Canada, October 5-13, 2001

Report of Opening Session (pdf 42 KB) Report of Governing Council Meeting (pdf 89 KB) Reports of Science Board and Committees: Science Board (pdf 88 KB) Study Group on North Pacific Ecosystem Status Report and Regional Analysis Center Biological Oceanography Committee (pdf 57 KB) Working Group 14: Effective sampling of micronekton Advisory Panel on Marine Birds and Mammals Fishery Science Committee (pdf 37 KB) Working Group 16: Climate change, shifts to fish production, and fisheries management Marine Environmental Quality Committee (pdf 62 KB) Working Group 15: Ecology of Harmful Algal Blooms (HABs) in the North Pacific Physical Oceanography and Climate Committee (pdf 34 KB) Working Group 13: CO2 in the North Pacific Technical Committee on Data Exchange (pdf 24 KB) Implementation Panel on the CCCC Program (pdf 39 KB) BASS Task Team (pdf 32 KB) Advisory Panel on Iron Fertilization Experiment MODEL Task Team (pdf 22 KB) MONITOR Task Team (pdf 32 KB) Advisory Panel on Continuous Plankton Recorder Survey in the North Pacific REX Task Team (pdf 21 KB) Report of the Finance and Administration Committee (pdf 53 KB) List of Participants (pdf 67 KB) List of Acronyms (pdf 13 KB)

Annual report 1992 - North Pacific Marine Science Organization (PICES). First meeting, Victoria, B.C., Canada, October 12-17, 1992

Document has 52 pages.

Water for thirsty industry

(11 page pamphlet)