Endogenous Choice Between Horizontal And Vertical Product Differentiation
DOWNLOAD
Download Endogenous Choice Between Horizontal And Vertical Product Differentiation PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Endogenous Choice Between Horizontal And Vertical Product Differentiation book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Endogenous Choice Between Horizontal And Vertical Product Differentiation
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1993
Endogenous Choice Between Horizontal And Vertical Product Differentiation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Economic Theory Of Product Differentiation
DOWNLOAD
Author : John Beath
language : en
Publisher: Cambridge University Press
Release Date : 1991-02-22
The Economic Theory Of Product Differentiation written by John Beath and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-02-22 with Business & Economics categories.
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Rjvs And Price Collusion Under Endogenous Product Differentiation
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1998
Rjvs And Price Collusion Under Endogenous Product Differentiation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
We characterise the interplay between firms' decisions in product development, be it joint or independent, and their ensuing repeated price behaviour, either collusive or Bertrand-Nash. Firms face a choice between participating in a joint venture inventing a single product, and in independent ventures developing their respective products which can be either horizontally or vertically differentiated. We prove that joint product development and the resulting lack of horizontal product differentiation may destabilise collusion, whilst firms' R & D decisions have no bearings on collusive stability in the vertical differentiation setting. We also discover the non-monotone dependence of firms' venture decisions at the development stage upon their intertemporal preferences, as well as upon consumers' willingness to pay.
Endogenous Horizontal Product Differentiation Under Bertrand And Cournot Competition
DOWNLOAD
Author : James A. Brander
language : en
Publisher:
Release Date : 2015
Endogenous Horizontal Product Differentiation Under Bertrand And Cournot Competition written by James A. Brander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Competition categories.
This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the "empirical Bertrand paradox" - the failure to observe homogeneous product Bertrand oligopoly, while homogeneous product Cournot oligopoly has significant empirical relevance. In our model firms invest in product differentiation if differentiation investments are sufficiently effective (i.e. if differentiation is not too costly). The threshold level of differentiation effectiveness needed to induce such investments is an order of magnitude less for Bertrand firms than for Cournot firms. Thus there is a wide range over which Bertrand firms differentiate their products but Cournot firms do not. If Cournot firms do choose to differentiate their products, corresponding Bertrand firms always differentiate more. We also establish the important insight that if product differentiation is endogenous Bertrand firms may charge higher prices and earn higher profits than corresponding Cournot firms, in contrast to the general presumption that Bertrand behavior is more competitive than Cournot behavior. Interestingly, consumer surplus increases with differentiation in the Cournot model but, due to sharply increasing prices, decreases with differentiation in the Bertrand model.
Product Differentiation In A Market With Endogenous Sequential Entry
DOWNLOAD
Author : Walter James Lane
language : en
Publisher:
Release Date : 1978
Product Differentiation In A Market With Endogenous Sequential Entry written by Walter James Lane and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Industrial location categories.
Discrete Choice Theory Of Product Differentiation
DOWNLOAD
Author : Simon P. Anderson
language : en
Publisher: MIT Press
Release Date : 1992
Discrete Choice Theory Of Product Differentiation written by Simon P. Anderson and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.
Trade And Variety In A Model Of Endogenous Product Differentiation
DOWNLOAD
Author : Oliver Lorz
language : en
Publisher:
Release Date : 2009
Trade And Variety In A Model Of Endogenous Product Differentiation written by Oliver Lorz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This paper sets up a model of endogenous product differentiation to analyze the variety effects of international trade. In our model multi-product firms decide not only about the number of varieties they supply but also about the degree of horizontal differentiation between these varieties. Firms can raise the degree of differentiation by investing variety-specific fixed costs. In this setting, we analyze how trade integration, i.e. an increase in market size, influences the number of firms in the market, the number of product varieties supplied by each firm, and the degree of differentiation.
Endogenous Choice Of Capacity And Product Innovation In A Differentiated Duopoly
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1998
Endogenous Choice Of Capacity And Product Innovation In A Differentiated Duopoly written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
We model a symmetric duopoly where firms choose whether to be quantity setters or price setters by deciding the optimal capacity; undertake R & D activity to determine the degree of differentiation; and finally compete in the market. Two games are proposed, where investment decisions follow different sequences. We assess price and quantity decisions, finding a set of equilibria where the choice of the market variable is affected by both technological commitments. As a result, the acquired wisdom that quantity setting is a dominant strategy for firms, while price setting is a dominant strategy from a social standpoint, may not be confirmed.
China And The Challenge Of Economic Globalization
DOWNLOAD
Author : Hung-Gay Fung
language : en
Publisher: Routledge
Release Date : 2017-07-28
China And The Challenge Of Economic Globalization written by Hung-Gay Fung and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-28 with Social Science categories.
First Published in 2006.
Structural Implications And Estimation Of Vertical Product Differentiation
DOWNLOAD
Author : Paul Richard Messinger
language : en
Publisher:
Release Date : 1988
Structural Implications And Estimation Of Vertical Product Differentiation written by Paul Richard Messinger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.