On the Optimality of Pure Bundling for a Monopolist

Résumé

This paper considers a monopolist selling two objects to a single buyer with privately observed valuations. We prove that if each buyer’s type has a non-negative virtual valuation for each object, then the optimal price schedule is such that the objects are sold only in a bundle; weaker conditions suffice if valuations are independently and identically distributed. Under somewhat stronger conditions, pure bundling is the optimal sale mechanism among all individually rational and incentive compatible mechanisms.

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Codes JEL

Référence

Domenico Menicucci, Sjaak Hurkens et Doh-Shin Jeon, « On the Optimality of Pure Bundling for a Monopolist », Journal of Mathematical Economics, vol. 60, 2015, p. 33–42.