Trade And Variety In A Model Of Endogenous Product Differentiation
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Trade And Variety In A Model Of Endogenous Product Differentiation
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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 Product Differentiation Market Size And Prices
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Author : Shon M. Ferguson
language : en
Publisher:
Release Date : 2015
Endogenous Product Differentiation Market Size And Prices written by Shon M. Ferguson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper provides a framework to understand how market size affects firms' investments in product differentiation in a model of monopolistic competition. The theory proposes that consumers' love of variety makes them more sensitive to product differentiation efforts by firms, which leads to more differentiated products in larger markets. The framework also predicts an inverted -shaped effect of trade liberalization on product differentiation, with trade liberalization leading to more differentiated products when starting from autarky but then leading to less differentiated products as the countries approach free trade.
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.
Product Variety And The Gains From International Trade
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Author : Robert C. Feenstra
language : en
Publisher:
Release Date : 2010-08-06
Product Variety And The Gains From International Trade written by Robert C. Feenstra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-06 with Business & Economics categories.
An examination of the methods to measure the product variety of imports and the gains from trade due to product variety. The application of the monopolistic competition model to international trade by Elhanan Helpman, Paul Krugman, and Kelvin Lancaster was one of the great achievements of international trade theory in the 1970s and 1980s. Monopolistic competition models have required new empirical methods to implement their theoretical insights, however, and in this book Robert Feenstra describes methods that have been developed to measure the product variety of imports and the gains from trade that are due to product variety. Feenstra first considers the consumer benefits from having access to new import varieties of differentiated products, and examines a recent method to estimate the elasticity of substitution (the extent of differentiation across products) and to use that information to construct the gains from import variety. He then examines claims of producer benefit from export variety, arguing that the self-selection of the more productive firms (as the low-productivity firms exit the market) can be interpreted as a gain from product variety. He makes use of a measurement of product variety known as the extensive margin of exports and imports. Finally, he considers an alternative approach to quantifying the gains due to product variety by comparing real GDP calculated with and without the extensive margin of trade.
Product Variety And Economic Growth
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Author : Michael Funke
language : en
Publisher:
Release Date : 2000
Product Variety And Economic Growth written by Michael Funke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Commerce categories.
International Trade And Imperfect Competition
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Author : Junichi Goto
language : en
Publisher: World Bank Publications
Release Date : 1988
International Trade And Imperfect Competition written by Junichi Goto and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Automobile industry and trade categories.
A Model Of Trade With Endogenous Product Design
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Author : Pak Hung Au
language : en
Publisher:
Release Date : 2019
A Model Of Trade With Endogenous Product Design written by Pak Hung Au and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Imperfect Competition And Political Economy
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Author : Colin Carter
language : en
Publisher: CRC Press
Release Date : 2019-04-24
Imperfect Competition And Political Economy written by Colin Carter and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-24 with Science categories.
This book presents International Agricultural Trade Research Consortium commissioned papers. The papers systematically explore the conceptual and empirical dimensions of the new trade theory and try to determine the potential application to agricultural trade and trade policy analysis.
The Economics Of Vertically Differentiated Markets
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Author : Luca Lambertini
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
The Economics Of Vertically Differentiated Markets written by Luca Lambertini and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
'This is a high-quality book on an important and central topic in the theory of industrial organisation. It is a cohesive and extremely well written volume which is destined to become a standard work on the subject.' - Mark Casson, University of Reading, UK This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has evolved. With contributions from prominent figures in the field, the book investigates a number of important topics, such as the choice of the optimal product range, profit sharing, the existence of equilibrium in duopoly games, positional effects attached to status goods, international trade, collusion, advertising and the dynamics of capital accumulation for quality improvement and product innovation. Using both static and dynamic approaches, these aspects are assessed in relation to the manifold issues of regulation, competition policy and trade policy. Product differentiation and its influence on consumer behaviour and the performance of firms is a core topic in the existing literature in the fields of industrial organization, international trade and economic growth. This book will be an essential read for researchers, students and professional scholars working in these areas, especially those with an interest in antitrust regulation.
Product Differentiation In A Market With Endogenous Sequential Entry
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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.