【Theory Webinar】A Theory of Stable Market Segmentations

  • 研討會日期 : 2023-11-08
  • 時間 : 09:00
  • 主講人 : Professor Nima Haghpanah
  • 地點 : Online
  • 演講者簡介 : Professor Nima Haghpanah received his PhD from Northwestern University in 2014. He is currently an Associate Professor at Pennsylvania State University. His research interests are mechanism design, information design, and price discrimination.
  • 演講摘要 : We study market segmentation as the outcome of a cooperative game between consumers who interact with a monopolistic seller in groups. We introduce two new solution concepts, the weakened core and stability, that coincide with the core whenever it is nonempty. We show that these concepts are equivalent and characterized by efficiency and saturation. A segmentation is saturated if shifting consumers from a segment with a higher price to a segment with a lower price leads the seller to optimally increase the lower price. We show that stable segmentations that maximizes average consumer surplus (across all segmentations) always exist.