I agree that if consumer preferences correlate between the things you bundle, the producer won’t be able to capture an approaching-full surplus. (They’ll still be able to capture an increased surplus in many cases, though counterexamples exist.)
Your qualitative explanation about when this works seems spot-on.
I agree that if consumer preferences correlate between the things you bundle, the producer won’t be able to capture an approaching-full surplus. (They’ll still be able to capture an increased surplus in many cases, though counterexamples exist.)
Your qualitative explanation about when this works seems spot-on.