Monopoly® Pricing

4 Pages Posted: 29 Mar 2010

See all articles by John Cawley

John Cawley

Cornell University - College of Human Ecology, Department of Policy Analysis & Management (PAM); Cornell University - College of Arts & Sciences, Department of Economics; The University of Sydney - School of Economics; National University of Ireland, Galway (NUIG) - J.E. Cairnes School of Business & Economics; NBER; IZA

Donald Kenkel

Cornell University - Department of Policy Analysis & Management (PAM); National Bureau of Economic Research (NBER)

Abstract

There is a large and rich literature in economics on monopoly pricing. However, a close examination of this literature reveals a surprising gap: there have been virtually no studies of Monopoly® pricing. We fill that void with an empirical examination of the pricing of the board game Monopoly®. In particular, we examine market-level, quarterly prices from 1990 to 2002 and find substantial evidence of the phenomenon of customary pricing.

JEL Classification: L83, L1, L12, Z11, D42

Suggested Citation

Cawley, John and Kenkel, Donald, Monopoly® Pricing. Economic Inquiry, Vol. 48, Issue 2, pp. 517-520, April 2010. Available at SSRN: https://ssrn.com/abstract=1578515 or http://dx.doi.org/10.1111/j.1465-7295.2009.00199.x

John Cawley (Contact Author)

Cornell University - College of Human Ecology, Department of Policy Analysis & Management (PAM) ( email )

3M24 MVR Hall
Ithaca, NY 14853
United States

Cornell University - College of Arts & Sciences, Department of Economics ( email )

414 Uris Hall
Ithaca, NY 14853-7601
United States

The University of Sydney - School of Economics ( email )

Rm 370 Merewether (H04)
Sydney, NSW 2006 2008
Australia

National University of Ireland, Galway (NUIG) - J.E. Cairnes School of Business & Economics ( email )

Galway
Ireland

NBER

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

IZA ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Donald Kenkel

Cornell University - Department of Policy Analysis & Management (PAM) ( email )

120 Martha Van Rensselaer Hall
Ithaca, NY 14853
United States
607-255-2594 (Phone)
607-255-4071 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
4
Abstract Views
249
PlumX Metrics