Dynamic monopoly with nondurable goods

A nondurable good monopolist who posts a single price will generally achieve an inefficient outcome. But is it possible that the monopolist would achieve efficiency by repeatedly posting prices before delivery? If buyers recognize the effect of current purchases on future prices, then under complementary ideal conditions, the answer is yes. On the other hand traditional concerns about monopoly are viable if the seller bears a small cost per buyer of market reopening. (C) 1996 Academic Press, Inc.