Durable-Goods Monopoly with Stochastic Values
分析消费者价值随时间变化的耐用品模型，计算垄断者的最优机制并与销售和租赁均衡比较，发现销售可能实现最优策略，且租赁不一定优于销售。
I analyze a durable-goods model that allows consumers' values to vary over time. The optimal mechanism for a monopolist is computed and compared to both the sales and leasing equilibria. I show that sales may implement the optimal strategy, and that the dominance of leasing over sales is not necessarily true. This implication is consistent with the prevalence of simple sales contracts in many markets. Copyright 2001 by the RAND Corporation.