Considering a model of discrete demand with two consumers, this article shows that irrespective of the difference between the willingness to pay of consumers with high and low incomes, if interest rates are low, a durable goods monopolist has an advantage in discriminating prices over time. If the difference in willingness to pay is limited and interest rates high, the monopolist has an advantage in setting a price equal to the low-income consumer's willingness to pay. Finally, in the case of great difference in willingness to pay and high interest rates, the monopolist has an advantage in setting a price equal to the high-income consumer's willingness to pay, and not selling the durable good to the low-income consumer. The results show that the Coase conjecture can fail if the difference in willingness to pay is great, and interest rates are high.
In distributed environments, especially those where asynchronous work is the main rule, organizations need to protect their information's integrity and persistence from the manipulation of shared information resources performed by multiple users. To deal with this scenario the divergent information management aims to support and solve (whenever possible) concurrent manipulation relative to shared information artifacts. Though several approaches can deal with this situation, none of them aims directly at knowledge management or organizational memory creation. In this paper we capitalize on earlier divergent information management approaches, presenting a divergent information model, based on information structuring rather than locking mechanisms over shared resources, as a means for reinforcing the connection between distributed collaboration, decision-making and knowledge management, by enhancing document expressiveness (its persistence and linking). We then use this model as a basis for a computer-supported system to handle divergent information and present detected problems and guidelines for future research..
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.