主题 | Topic：Robust Pricing in Product Markets
时间 | Time：11月26号（周五）｜Nov. 26th (Friday), 14：00 – 15:30
地点 | Venue：文澴楼414｜Room 414，WENHUAN
主讲 | Speaker
宋天乐老师现为南京审计大学社会与经济研究院助理教授。研究方向为微观经济理论和产业组织理论；研究兴趣包括定价策略，信息披露，契约理论和数字经济。研究成果发表在英文期刊 Managerial and Decision Economics 和 Journal of Industrial Economics 上。
研究领域 | Research Interests
微观经济理论、信息经济学、产业组织理论
Microeconomic Theory, Information Economics, Industrial Organization
摘要 | Abstract
A supplier wishes to sell her products to a retailer for resale in a market. However, the supplier faces nonquantifiable uncertainty about the strategy space of the retailer; thus she designs a robust price menu that maximizes her guaranteed (worst-case) profit. We find that an optimal price menu can simply be linear in quantity and the linearity persists when the retailer is a final consumer; moreover, two-part tariffs arise in equilibrium when upfront payments are feasible. We also discuss welfare implications when a price restraint is imposed on the market price.
