{"id":"https://openalex.org/W2170684156","doi":"https://doi.org/10.2307/2601046","title":"Durable-Goods Monopoly: Laboratory Market and Bargaining Experiments","display_name":"Durable-Goods Monopoly: Laboratory Market and Bargaining Experiments","publication_year":2000,"publication_date":"2000-01-01","ids":{"openalex":"https://openalex.org/W2170684156","doi":"https://doi.org/10.2307/2601046","mag":"2170684156"},"language":"en","primary_location":{"id":"doi:10.2307/2601046","doi":"https://doi.org/10.2307/2601046","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2601046","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=228750","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5112041080","display_name":"Stanley S. Reynolds","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I138006243","display_name":"University of Arizona","ror":"https://ror.org/03m2x1q45","country_code":"US","type":"education","lineage":["https://openalex.org/I138006243"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Stanley S. Reynolds","raw_affiliation_strings":["University of Arizona"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Arizona","institution_ids":["https://openalex.org/I138006243"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5112041080"],"corresponding_institution_ids":["https://openalex.org/I138006243"],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":3.4282,"has_fulltext":false,"cited_by_count":47,"citation_normalized_percentile":{"value":0.9233826,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"31","issue":"2","first_page":"375","last_page":"375"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.8984000086784363,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.8984000086784363,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.05490000173449516,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.012299999594688416,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/durable-goods-monopoly","display_name":"durable goods monopoly","score":0.8330000042915344},{"id":"https://openalex.org/keywords/coase-conjecture","display_name":"Coase conjecture","score":0.9900000095367432},{"id":"https://openalex.org/keywords/product-durability","display_name":"product durability","score":0.8230000138282776},{"id":"https://openalex.org/keywords/monopoly-pricing","display_name":"monopoly pricing","score":0.8610000014305115},{"id":"https://openalex.org/keywords/consumer-patience","display_name":"consumer patience","score":0.7829999923706055},{"id":"https://openalex.org/keywords/competition-law","display_name":"competition law","score":0.5569999814033508},{"id":"https://openalex.org/keywords/bargaining","display_name":"bargaining","score":0.328000009059906}],"concepts":[{"id":"https://openalex.org/C61933577","wikidata":"https://www.wikidata.org/wiki/Q2184715","display_name":"Durable good","level":2,"score":0.841916024684906},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.7950509786605835},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5963979959487915},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5127690434455872},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.40811434388160706},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3830454647541046},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.3476664423942566}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2307/2601046","doi":"https://doi.org/10.2307/2601046","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2601046","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.22.7936","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.22.7936","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.u.arizona.edu/~sreynold/rand.pdf","raw_type":"text"},{"id":"mag:3124543293","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=228750","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null}],"best_oa_location":{"id":"mag:3124543293","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=228750","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320307788","display_name":"Alcoa","ror":"https://ror.org/003yb7p17"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W122392074","https://openalex.org/W1487510331","https://openalex.org/W1595440829","https://openalex.org/W1599656298","https://openalex.org/W1966195731","https://openalex.org/W1970930773","https://openalex.org/W1974964983","https://openalex.org/W1982992328","https://openalex.org/W1985708158","https://openalex.org/W1996144902","https://openalex.org/W1996669457","https://openalex.org/W2026289058","https://openalex.org/W2038765817","https://openalex.org/W2046284052","https://openalex.org/W2050720333","https://openalex.org/W2051748453","https://openalex.org/W2060762444","https://openalex.org/W2063515507","https://openalex.org/W2079053008","https://openalex.org/W2085793274","https://openalex.org/W2125572506","https://openalex.org/W2141481859","https://openalex.org/W2264897026","https://openalex.org/W3121358103","https://openalex.org/W3122898060"],"related_works":["https://openalex.org/W6981229319","https://openalex.org/W2506249255","https://openalex.org/W150342176","https://openalex.org/W2049306299","https://openalex.org/W2127338531","https://openalex.org/W1974305113","https://openalex.org/W2046284052","https://openalex.org/W2151614484","https://openalex.org/W1996144902","https://openalex.org/W2899153723"],"abstract_inverted_index":{"Introduction":[0],"n":[1],"In":[2],"a":[3,16,59],"seminal":[4],"article,":[5],"Ronald":[6],"Coase":[7,72,83],"(1972)":[8],"pointed":[9],"out":[10],"how":[11],"product":[12,87,110],"durability":[13,111],"may":[14,57],"limit":[15],"seller's":[17],"monopoly":[18,60,98,113],"power.":[19],"A":[20],"prospective":[21],"durable-good":[22],"consumer":[23],"who":[24],"expects":[25],"decreasing":[26],"price":[27,46],"offers":[28],"over":[29],"time":[30],"would":[31],"be":[32,79],"willing":[33],"to":[34,36,54,62,73,78,102],"wait":[35],"purchase":[37],"as":[38,40,81,126],"long":[39],"the":[41,45,49,82,86],"expected":[42],"gain":[43],"from":[44],"decrease":[47],"exceeds":[48],"opportunity":[50],"cost":[51,104],"of":[52,69,109,131],"waiting":[53],"purchase.":[55],"This":[56,67],"induce":[58],"seller":[61],"set":[63],"relatively":[64],"low":[65],"prices.":[66],"line":[68],"argument":[70],"led":[71],"propose":[74],"what":[75],"has":[76],"come":[77],"known":[80],"conjecture.":[84],"If":[85],"is":[88],"perfectly":[89],"durable":[90],"and":[91,112,134,142,144],"if":[92],"consumers":[93],"are":[94],"sufficiently":[95],"patient,":[96],"then":[97],"prices":[99],"will":[100],"converge":[101],"marginal":[103],"almost":[105],"instantaneously.":[106],"The":[107],"significance":[108],"power":[114],"was":[115],"recognized":[116],"even":[117],"before":[118],"Coase's":[119],"article.":[120],"Major":[121],"U.S.":[122,127,135],"antitrust":[123],"cases":[124],"such":[125],"v.":[128,136],"Aluminum":[129],"Co.":[130],"America":[132],"(1945)":[133],"United":[137],"Shoe":[138],"Machinery":[139],"Corp.":[140],"(1953)":[141],"criminal":[143],"civil":[145],"antitr":[146]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}