8,541 research outputs found

    The Value of Public Information in Monopoly

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    The logic of the linkage principle of Milgrom and Weber (1982) extends to price discrimination. A non-linear pricing monopolist who sells to a single buyer always prefers to commit to publicly reveal information affiliated to the valuation of the buyer.

    On the typical rank of real binary forms

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    We determine the rank of a general real binary form of degree d=4 and d=5. In the case d=5, the possible values of the rank of such general forms are 3,4,5. The existence of three typical ranks was unexpected. We prove that a real binary form of degree d with d real roots has rank d.Comment: 12 pages, 2 figure