CaltechAUTHORS
  A Caltech Library Service

Buyer Behavior and the Welfare Effects of Bundling by a Multiproduct Monopolists: A Laboratory Test

Palfrey, Thomas R. (1985) Buyer Behavior and the Welfare Effects of Bundling by a Multiproduct Monopolists: A Laboratory Test. In: Research in Experimental Economics. Vol.3. JAI Press , Greenwich, Conn., pp. 73-104. https://resolver.caltech.edu/CaltechAUTHORS:20160303-114452846

[img] PDF - Published Version
See Usage Policy.

6Mb

Use this Persistent URL to link to this item: https://resolver.caltech.edu/CaltechAUTHORS:20160303-114452846

Abstract

[Introduction] This paper reports the findings of a laboratory test of a number of predictions derived from modern auction theory. The primary focus is on the efficiency and distributional consequences of the common practice of selling a variety of different items in "lots" or "bundles." Recent developments in auction theory allow one to make rather sharp predictions about how allocations are affected by the way the seller chooses to package different items together to form lots. By replicating the environment specified by the model very accurately in controlled laboratory auctions, these predictions are tested. The data are found to provide strong support for many of the theoretical propositions.


Item Type:Book Section
ORCID:
AuthorORCID
Palfrey, Thomas R.0000-0003-0769-8109
Additional Information:Copyright © 1985 by JAI Press Inc. I would like to acknowledge useful comments by Roger Noll. Charles Plott. and an anonymous referee. Any errors and shortcomings of this research are my own fault.
Record Number:CaltechAUTHORS:20160303-114452846
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20160303-114452846
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:65023
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:31 Mar 2016 18:13
Last Modified:22 Nov 2019 09:58

Repository Staff Only: item control page