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Endogenous Product Choice
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Book Synopsis Endogenous Product Choice by : Gregory S. Crawford
Download or read book Endogenous Product Choice written by Gregory S. Crawford and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical models of differentiated product demand are widely used by both academics and practitioners. While these methods treat carefully the potential endogeneity of price, until recently they have assumed the number and characteristics of the products offered by firms are exogenous. This paper presents a progress report on an ongoing research agenda to address this issue. First, it summarizes how the appropriate choice of 'orthogonal' instruments can yield consistent estimates of own and cross-price elasticities in the presence of endogenous product characteristics. Second, it summarizes how to measure 'quality markups' and the welfare consequences of endogenous product quality in U.S. cable television markets. Related papers and extensions to consider multiple product characteristics and dynamics are also discussed.
Book Synopsis A Duopoly Model of Endogenous Product Choice by : Simon Anderson
Download or read book A Duopoly Model of Endogenous Product Choice written by Simon Anderson and published by . This book was released on 1984 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Welfare Consequences of Mergers with Endogenous Product Choice by : Michael Mazzeo
Download or read book The Welfare Consequences of Mergers with Endogenous Product Choice written by Michael Mazzeo and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merger simulations focus on the price changes that result once previously independent competitors set prices jointly and other market participants respond. We consider the incentives for firms to adjust the set of offered products after a merger. Using a model of product choice and pricing, we conduct simulations of equilibrium market outcomes of a merger in a variety of scenarios. Product offering adjustments result in additional effects on profitability and consumer welfare not realized by price responses only, particularly when the merging parties offer relatively similar products pre-merger. Cost synergies may furthermore entail the pro-competitive introduction of additional products.
Author :Anderson, Simon Publisher :Kingston, Ont. : Institute for Economic Research, Queen's University ISBN 13 : Total Pages :49 pages Book Rating :4.:/5 (159 download)
Book Synopsis A Duopoly Model of Endogenous Product Choice with Economies of Scope by : Anderson, Simon
Download or read book A Duopoly Model of Endogenous Product Choice with Economies of Scope written by Anderson, Simon and published by Kingston, Ont. : Institute for Economic Research, Queen's University. This book was released on 1984 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Product Differentiation in a Market with Endogenous Sequential Entry by : Walter James Lane
Download or read book Product Differentiation in a Market with Endogenous Sequential Entry written by Walter James Lane and published by . This book was released on 1978 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price Responses to Market Entry with and Without Endogenous Product Choice by : Helge Sanner
Download or read book Price Responses to Market Entry with and Without Endogenous Product Choice written by Helge Sanner and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Country Asymmetries Endogenous Product Choice and the Speed of Trade Liberalization by : Antonio Cabrales
Download or read book Country Asymmetries Endogenous Product Choice and the Speed of Trade Liberalization written by Antonio Cabrales and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Growth Theory by : Philippe Aghion
Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Book Synopsis The Economic Theory of Product Differentiation by : John Beath
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.
Book Synopsis Product Choice and Product Switching by : Andrew B. Bernard
Download or read book Product Choice and Product Switching written by Andrew B. Bernard and published by . This book was released on 2003 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than 40% of firm output and almost half of existing products. The theoretical model incorporates heterogeneous firms, heterogeneous products, and ongoing entry and exit. In equilibrium, firm productivity is correlated with product fixed costs, with the most productive firms choosing to make the products with the highest fixed costs. Changes in market structure result in systematic patterns of firm entry/exit and product switching"--London School of Economics web site.
Book Synopsis Endogenous Choice Between Horizontal and Vertical Product Differentiation by :
Download or read book Endogenous Choice Between Horizontal and Vertical Product Differentiation written by and published by . This book was released on 1993 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Product Boundary by : Takanori Adachi
Download or read book Endogenous Product Boundary written by Takanori Adachi and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the determinants of product boundary choice as discriminatory pricing. Specifically, we consider a model where a monopolist sells a base product with an add-on valuable only if it is consumed along with the base product. An important feature of this model is that this additional value is contingent on the valuation of the base product. We show that separation, in which case only the base product is sold, yields a higher profit than integration, where only a bundled package is sold, if and only if the range of the add-on value exceeds a threshold value and that separation is more likely to become optimal as the degree of positive contingency increases. As for welfare, consumer surplus in case of separation is always lower than that when the seller is constrained to sell the bundled package.
Book Synopsis Endogenous Choice of Capacity and Product Innovation in a Differentiated Duopoly by :
Download or read book Endogenous Choice of Capacity and Product Innovation in a Differentiated Duopoly written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Theory of the Firm by : Daniel F. Spulber
Download or read book The Theory of the Firm written by Daniel F. Spulber and published by Cambridge University Press. This book was released on 2009-04-13 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theory of the Firm presents an innovative general analysis of the economics of the firm.
Book Synopsis Endogenous Quality Choice by : Tarek H. Selim
Download or read book Endogenous Quality Choice written by Tarek H. Selim and published by . This book was released on 2019 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper is concerned with providing a core model to address the issue of firms simultaneously competing in both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically differentiated by endogenous quality location. A three-stage competitive framework is introduced such that non-collusive firms compete in quality location, followed by choice of fixed capacity, and finally, they compete in prices. There is a continuum of consumers uniformly distributed along a vertical quality street of product locations. In general, a Bertrand-Nash equilibrium with fixed Cournot quantities (fixed capacity) is achieved. Firms tend to move away from minimum differentiation as quality cross-effects in fixed cost investments become less severe, but not necessarily choosing quality locations which would lead towards an outcome of maximum differentiation. An output asymmetry always exists at equilibrium such that the high quality firm always carries excess production capacity relative to the low quality firm. Total production capacity, however, may not fully cover market demand for an incumbent duopoly.
Book Synopsis Country Asymmetries, Endogenous Product Choice and the Speed of Trade by : Antonio Cabrales
Download or read book Country Asymmetries, Endogenous Product Choice and the Speed of Trade written by Antonio Cabrales and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Quality Choice Under Upstream Market Power by : Borja Mesa
Download or read book Endogenous Quality Choice Under Upstream Market Power written by Borja Mesa and published by . This book was released on 2010 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
