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Third-Degree Price Discrimination Versus Uniform Pricing
We compare the profit of the optimal third-degree price discrimination policy against a uniform pricing policy.
Calibrated Click-Through Auctions: An Information Design Approach
While the auctioneer takes as given the auction rule of the click-through auction, namely the generalized second-price auction, the auctioneer can design the information flow regarding the click-through rates among the bidders.
Screening with Persuasion
We consider a general nonlinear pricing environment with private information.
The Optimality of Constant Mark-Up Pricing
With a constant elasticity cost function, constant markup pricing provides the optimal revenue guarantee across all possible distributions of willingness to pay and the lower bound is attained under a Pareto distribution.
How Do Digital Advertising Auctions Impact Product Prices?
We present a model of digital advertising with three key features: (i) advertisers can reach consumers on and off a platform, (ii) additional data enhances the value of advertiser-consumer matches, and (iii) bidding follows auction-like mechanisms.
Data, Competition, and Digital Platforms
We analyze digital markets where a monopolist platform uses data to match multiproduct sellers with heterogeneous consumers who can purchase both on and off the platform.
Managing Persuasion Robustly: The Optimality of Quota Rules
The optimal decision rule is a quota rule, i. e., the decision rule maximizes the receiver's ex-ante payoff subject to the constraint that the marginal distribution over actions adheres to a consistent quota, regardless of the sender's chosen signal structure.
A Unified Approach to Second and Third Degree Price Discrimination
We analyze the welfare impact of a monopolist able to segment a multiproduct market and offer differentiated price menus within each segment.
