Construct · 1 fields · 1 citations

Coase conjecture: a standalone construct

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Industrial organization

the claim that a monopolist selling a durable good cannot sustain monopoly prices, since buyers anticipate future price cuts.

In industrial organization, Coase conjecture refers to the claim that a monopolist selling a durable good cannot sustain monopoly prices, since buyers anticipate future price cuts. This meaning comes from Coase (1972) in The Journal of Law and Economics.[1]

Unit
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Nearby constructs

durability3 fields · 3 citationsjingle · one word, three constructs future3 fields · 6 citationsjingle · one word, three constructs good2 fields · 5 citationsjingle · one word, two constructs

References

Coase, R. H. (1972). Durability and Monopoly. The Journal of Law and Economics, 15(1), 143-149. https://doi.org/10.1086/466731

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