Mixed Duopoly Product Differentiation And Competition
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Mixed Duopoly Product Differentiation And Competition
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Author : Minoru Kitahara
language : en
Publisher:
Release Date : 2013
Mixed Duopoly Product Differentiation And Competition written by Minoru Kitahara and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We examine the relationship between the equilibrium price and the degree of product differentiation in a mixed duopoly in which a welfare-maximizing public enterprise competes against a profit-maximizing private firm. Existing works on private economy show that increased product differentiation mitigates price competition. We find that, in a mixed economy, increased product differentiation can accelerate competition when the demand is elastic. The private firm chooses to locate itself too close to the public firm (and thus makes the resulting degree of product differentiation too low) for social welfare, which never appears in the private economy.
Mixed Oligopoly Product Differentiation And Competition For Public Transport Services
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Author : Pedro Cantos Sánchez
language : en
Publisher:
Release Date : 2006
Mixed Oligopoly Product Differentiation And Competition For Public Transport Services written by Pedro Cantos Sánchez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper explores frequency and pricing decisions in a horizontally and vertically differentiated duopoly when there is competition between means of transport and where one of the firms need not necessarily maximize profits. The private and the mixed duopoly are compared and distortions from the social optimum are identified, both analytically and numerically. A mixed duopoly does not recover the socially optimal solution. However, the presence of a (public) non-profit maximizing operator is a useful measure to get closer to the social optimum. When both operators are (private) profit maximizers, some control measures such as price caps and minimum service availability would reduce the distortions from the social optimum.
Product Differentiation In A Mixed Duopoly
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Author :
language : es
Publisher:
Release Date : 2005
Product Differentiation In A Mixed 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 2005 with categories.
Mixed Duopoly With Product Differentiation
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Author : Toshihiro Matsumura
language : en
Publisher:
Release Date : 2003
Mixed Duopoly With Product Differentiation written by Toshihiro Matsumura and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
We investigate the sequential choice of location in a mixed duopoly, where a welfare-maximising public firm competes against a profit-maximising private firm. We examine the desirable role of the public firm in a mixed market. We also consider the effect of price regulation. We find that the public firm should become the follower (leader) if a price regulation is (is not) imposed. We also find that neither price regulation nor privatisation of the public firm improves welfare.
Essays On Economics Of Vertical Product Differentiation
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Author : Taehoon Youn
language : en
Publisher:
Release Date : 1999
Essays On Economics Of Vertical Product Differentiation written by Taehoon Youn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
The Economic Theory Of Product Differentiation
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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.
The Economics Of Product Differentiation
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Author : Jacques François Thisse
language : en
Publisher:
Release Date : 1994
The Economics Of Product Differentiation written by Jacques François Thisse and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Competition categories.
Price And Quantity Competition In A Differentiated Duopoly With Upstream Suppliers
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Author : Mónica Correa-López
language : en
Publisher:
Release Date : 2007
Price And Quantity Competition In A Differentiated Duopoly With Upstream Suppliers written by Mónica Correa-López and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper analyzes the noncooperative game on the choice of strategic variable to set in duopoly in the presence of an upstream market for the input. For the case of labor input, the analysis shows that if the wage is the result of decentralized firm-union bargain, a duopoly producing substitutes may choose to compete either in the quantity space or in the price space, depending upon the distribution of bargaining power in the wage negotiation and the union's relative preference over the wage. For the case of input suppliers as profit-maximizing firms, the paper shows that a vertically differentiated duopoly may prefer to compete either in the quantity space or in a mixed strategy setting where the high-quality firm plays price and the low-quality firm plays quantity, depending upon the extent of substitutability, the degree of vertical product differentiation and the distribution of bargaining power in the input price negotiation.
Discrete Choice Theory Of Product Differentiation
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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.
Choosing Price Or Quantity The Role Of Delegation And Network Externalities In A Mixed Duopoly
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Author : Yasuhiko Nakamura
language : en
Publisher:
Release Date : 2017
Choosing Price Or Quantity The Role Of Delegation And Network Externalities In A Mixed Duopoly written by Yasuhiko Nakamura and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This paper considers a differentiated goods managerial mixed duopoly composed of one social welfare-maximising public firm and one profit-maximising private firm. We model the firm choice of the strategic contract. We find that when the strength of network effects is sufficiently strong, the price competition can become the unique equilibrium market structure. Furthermore, we show that there exists an area of the degree of product differentiation and the strength of network effects such that the situation wherein the public firm chooses its price contract whereas the private firm chooses its quantity contract can become the unique equilibrium structure.