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Author : Dave Furth
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (535 download)
Download or read book Congestion in a Market with Vertical Product Differentiation written by Dave Furth and published by . This book was released on 1995 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hyung Sik Oh
Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.:/5 (78 download)
Download or read book Product Differentiation in Markets with Congestion written by Hyung Sik Oh and published by . This book was released on 1983 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Taehoon Youn
Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 (91 download)
Download or read book Essays on Economics of Vertical Product Differentiation written by Taehoon Youn and published by . This book was released on 1999 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Beath
Publisher : Cambridge University Press
ISBN 13 : 9780521335522
Total Pages : 220 pages
Book Rating : 4.3/5 (355 download)
Download or read book The Economic Theory of Product Differentiation written by John Beath and published by Cambridge University Press. This book was released on 1991-02-22 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Mario Pezzino
Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.:/5 (643 download)
Download or read book Horizontal and Vertical Product Differentiation written by Mario Pezzino and published by . This book was released on 2008 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christian Ahlin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Product Differentiation Under Congestion written by Christian Ahlin and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce negative network externalities - “congestion costs” - into H. Hotelling's (1929) model of spatial competition with linear transportation costs. For any firm locations on opposite sides of the midpoint, a pure strategy price equilibrium exists and is unique if congestion costs are strong enough relative to transportation costs. We analyze product differentiation and find that Hotelling's Principle of Minimum Differentiation comes closer to holding in the presence of congestion costs. The greater are congestion costs, the less differentiated products can be in (locationally symmetric) equilibrium. In fact, minimum differentiation comes arbitrarily close to holding depending on the magnitude of these costs relative to transportation costs. Intuitively, greater congestion effects stabilize competition at closer quarters, eliminating aggressive pricing equilibria. Thus, negative network externalities can play a significant role in product differentiation.
Author : Serguei Netessine
Publisher : Springer Science & Business Media
ISBN 13 : 0387980261
Total Pages : 488 pages
Book Rating : 4.3/5 (879 download)
Download or read book Consumer-Driven Demand and Operations Management Models written by Serguei Netessine and published by Springer Science & Business Media. This book was released on 2009-06-02 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book is by top scholars in supply chain management, revenue management, and e-commerce, all of which are grounded in information technologies and consumer demand research. The book looks at new selling techniques designed to reach the consumer.
Author : Xiang Li
Publisher : Springer Nature
ISBN 13 : 9811382298
Total Pages : 304 pages
Book Rating : 4.8/5 (113 download)
Download or read book Proceedings of the Sixth International Forum on Decision Sciences written by Xiang Li and published by Springer Nature. This book was released on 2019-09-16 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings focus on selected aspects of the current and upcoming trends in transportation, logistics and decision-making. In detail the included scientific papers analyze the problem of Decision Making under Uncertainty, Stochastic Optimization, Transportation, Logistics and Intelligent Business. The variety of the papers delivers added value for both scholars and practitioners. This book is the documentation of the symposium “The Sixth International Forum on Decision Sciences”, which took place in Jinan, Shandong province, China.
Author : Francesco Ducci
Publisher : Cambridge University Press
ISBN 13 : 1108870007
Total Pages : 203 pages
Book Rating : 4.1/5 (88 download)
Download or read book Natural Monopolies in Digital Platform Markets written by Francesco Ducci and published by Cambridge University Press. This book was released on 2020-07-23 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition policy debates on digital platform markets are often premised on the idea that market fragmentation and the standard forces of competition and entry may provide a potential solution to excessive concentration and market power. In this work, Francesco Ducci provides readers with a different perspective based on the theoretical lens of natural monopoly. Ducci explores this framework through the development of three case studies on horizontal search, e-commerce marketplaces, and ride-hailing platforms, investigating the strength and limit of potential (and often heterogeneous) sources of natural monopoly at play in each industry. Building on these case studies, the book then derives from the application of the natural monopoly framework general policy implications for digital industries by identifying the respective institutional flaws and shortcomings of ex ante and ex post approaches to market power as one of the central challenges in digital platform markets.
Author :
Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.3/5 (91 download)
Download or read book Journal of Economics written by and published by . This book was released on 2007 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Claudio Giovanni Noto
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (94 download)
Download or read book Airport Capacity Allocation with Network Airlines written by Claudio Giovanni Noto and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Excess demand for runway capacity at major airports is still causing congestion externalities and hence significant delay costs for airlines and passengers. Therefore, recent studies criticize the current administrative allocation of airport slots as both inefficient and inequitable, and propose alternatives such as a market allocation of slots or a congestion pricing solution. In perfect competition settings, theoretical models show allocation efficiency for both instruments; however, when market power prevails over the congestion externality, also adverse welfare effects may arise. The literature suggests that modern airline competition involves network structures as a dominant strategy, aiming at achieving competitive advantages based on product differentiation in order to increase market power. The corresponding network effects supposedly induce two opposing effects for passengers: additional indirect travel benefits from network density and higher mark-ups on flight fares, thus constituting the dilemma of hub concentration. However, most airport capacity allocation models consider the flights of competing airlines as perfect substitutes, so that the flight fares are determined by total industry output and do not account for product differentiation based on asymmetric network structures. Consequently, this study first provides a modified theoretical model to investigate the network hub of a dominant airline, featuring an asymmetric oligopoly with vertical product differentiation based on network density effects. Subsequently, a partial equilibrium analysis qualitatively evaluates the inefficiencies arising in the unregulated market and the welfare impact of an airport quota allocation, a secondary trading scheme, and a congestion pricing solution. In addition, a computer simulation illustrates the particular model characteristics and quantifies the inefficiencies by numeric results. The setting with congestion externalities.
Author : Glen Elliot Weisbrod
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.X/5 (4 download)
Download or read book Economic Implications of Congestion written by Glen Elliot Weisbrod and published by . This book was released on 2001 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrej Fatur
Publisher : Bloomsbury Publishing
ISBN 13 : 1847319122
Total Pages : 312 pages
Book Rating : 4.8/5 (473 download)
Download or read book EU Competition Law and the Information and Communication Technology Network Industries written by Andrej Fatur and published by Bloomsbury Publishing. This book was released on 2012-03-08 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition policies have long been based on a scholarly tradition focused on static models and static analysis of industrial organisation. However, recent developments in industrial organisation literature have led to significant advances, moving beyond traditional static models and a preoccupation with price competition, to consider the organisation of industries in a dynamic context. This is especially important in the field of information and communication technology (ICT) network industries where competition centres on network effects, innovation and intellectual property rights, and where the key driver of consumer benefit is technological progress. Consequently, when an antitrust intervention is contemplated, a number of considerations that arise out of the specific nature of the ICT sector have to be taken into account to ensure improved consumer welfare. This book considers the adequacy of existing EU competition policy in the area of the ICT industries in the light of the findings of modern economic theory. Particular attention is given to the implications of these dynamic markets for the competitive assessment and treatment of the most common competitive harms in this area, such as non-price predatory practices, tying and bundling, co-operative standard setting, platform joint ventures and co-operative R&D.
Author : Giovanni Alberto Tabacco
Publisher : Springer
ISBN 13 : 3319467298
Total Pages : 88 pages
Book Rating : 4.3/5 (194 download)
Download or read book Airline Economics written by Giovanni Alberto Tabacco and published by Springer. This book was released on 2016-11-15 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an original empirical investigation of the market structure of airline city pair markets, shedding new light on the workings of competitive processes between firms. Examining a cross-section of US airline city pairs, Tabacco proposes for the first time that the industry can be understood as a natural oligopoly, each airline market being dominated by one to three airline carriers regardless of market size. The author questions the extent to which airlines deliberately prevent head-to-head competition within city pair markets, and draws intriguing conclusions about competitive forces from the observed market structure. Uncovering some of the main corporate strategies of the airline industry, the book is of immediate relevance to industry managers and practitioners, as well as academic economists.
Author : Jeremy Lin
Publisher : John Wiley & Sons
ISBN 13 : 1119179378
Total Pages : 357 pages
Book Rating : 4.1/5 (191 download)
Download or read book Electricity Markets written by Jeremy Lin and published by John Wiley & Sons. This book was released on 2017-08-30 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive resource that provides the basic concepts of electric power systems, microeconomics, and optimization techniques Electricity Markets: Theories and Applications offers students and practitioners a clear understanding of the fundamental concepts of the economic theories, particularly microeconomic theories, as well as information on some advanced optimization methods of electricity markets. The authors—noted experts in the field—cover the basic drivers for the transformation of the electricity industry in both the United States and around the world and discuss the fundamentals of power system operation, electricity market design and structures, and electricity market operations. The text also explores advanced topics of power system operations and electricity market design and structure including zonal versus nodal pricing, market performance and market power issues, transmission pricing, and the emerging problems electricity markets face in smart grid and micro-grid environments. The authors also examine system planning under the context of electricity market regime. They explain the new ways to solve problems with the tremendous amount of economic data related to power systems that is now available. This important resource: Introduces fundamental economic concepts necessary to understand the operations and functions of electricity markets Presents basic characteristics of power systems and physical laws governing operation Includes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues Electricity Markets: Theories and Applications is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets.
Author : Pennsylvania
Publisher :
ISBN 13 :
Total Pages : 506 pages
Book Rating : 4.0/5 (531 download)
Download or read book Journal of Economic Theory written by Pennsylvania and published by . This book was released on 1991 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Institute for Operations Research and the Management Sciences. National Meeting
Publisher :
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.E/5 ( download)
Download or read book INFORMS Annual Meeting written by Institute for Operations Research and the Management Sciences. National Meeting and published by . This book was released on 2008 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:
