Entry and Innovation in Vertically Differentiated Markets

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ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Entry and Innovation in Vertically Differentiated Markets by : Dirk Bergemann

Download or read book Entry and Innovation in Vertically Differentiated Markets written by Dirk Bergemann and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets by : Yannis Katsoulacos

Download or read book Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets written by Yannis Katsoulacos and published by . This book was released on 1984 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Entry and Vertical Differentiation

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Entry and Vertical Differentiation by : Dirk Bergemann

Download or read book Entry and Vertical Differentiation written by Dirk Bergemann and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the entry of new products into vertically differentiated markets where an entrant and an incumbent compete in quantities. The value of the new product is initially uncertain and new information is generated through purchases in the market. We derive the (unique) Markov perfect equilibrium of the infinite horizon game under the strong long run average payoff criterion. The qualitative features of the optimal entry strategy are shown to depend exclusively on the relative ranking of established and new products based on current beliefs. Superior products are launched relatively slowly and at high initial prices whereas substitutes for existing products are launched aggressively at low initial prices. The robustness of these results with respect to different model specifications is discussed.

The Economics of Vertically Differentiated Markets

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958315
Total Pages : 240 pages
Book Rating : 4.9/5 (583 download)

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Book Synopsis The Economics of Vertically Differentiated Markets by : Luca Lambertini

Download or read book The Economics of Vertically Differentiated Markets written by Luca Lambertini and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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 Innovation Under Vertical Differentiation and the Persistence of Monopoly

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (632 download)

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Book Synopsis Product Innovation Under Vertical Differentiation and the Persistence of Monopoly by :

Download or read book Product Innovation Under Vertical Differentiation and the Persistence of Monopoly written by and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The incentives to innovate for the incumbent and the entrant in a vertically differentiated market are analised, in the absence of uncertainty. It turns out that if consumers marginal willingness to pay for quality is sufficiently low, the efficiency effect observationally works so as to favour innovation by the entrant, i.e., competition. Otherwise, it operates to the advantage of the incumbent who acquire the right to innovate, preempting thus the rival.

Product Innovation in a Vertically Differentiated Model

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Product Innovation in a Vertically Differentiated Model by : Luigi Filippini

Download or read book Product Innovation in a Vertically Differentiated Model written by Luigi Filippini and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the licensing incentives of an independent input producer owning a patented product innovation which allows the downstream ጿirms to improve the quality of their ጿinal goods. We consider a general two-part tariff contract for both outside and incumbent innovators. We ጿind that technology diffusion critically depends on the nature of market competition (Cournot vs. Bertrand). Moreover, the vertical merger with either downstream ጿirm is always privately proijtable and it is welfare improving for large innovations: this implies that not all proijtable mergers should be rejected.

Time-to-market in Vertically Differentiated Industries

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (253 download)

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Book Synopsis Time-to-market in Vertically Differentiated Industries by : Emanuele Bacchiega

Download or read book Time-to-market in Vertically Differentiated Industries written by Emanuele Bacchiega and published by . This book was released on 2004 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Spatial Competition in Quality

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ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (881 download)

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Book Synopsis Spatial Competition in Quality by : Raphael Auer

Download or read book Spatial Competition in Quality written by Raphael Auer and published by . This book was released on 2014 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model of vertical innovation in which firms incur a market entry cost and position themselves in the quality space. Once established, firms compete monopolistically, selling to consumers with heterogeneous tastes for quality. We establish existence and uniqueness of the pricing game in such vertically differentiated markets with a potentially large number of active firms. Turning to firms' entry decisions, exogenously growing productivities induce firms to enter the market sequentially at the top end of the quality spectrum. We spell out the conditions under which the entry problem is replicated over time so that each new entrant improves incumbent qualities in fixed proportions. Sequential market entry overcomes the asymmetry of the location problem, which unavoidably arises in the quality spectrum because of its top and bottom ends. Our main technical contribution lies in handling this asymmetry, a feature absent in Salop (1979) and other circular representations of Hotelling (1929) and Lancaster (1966).

The Economic Theory of Product Differentiation

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Publisher : Cambridge University Press
ISBN 13 : 9780521335522
Total Pages : 220 pages
Book Rating : 4.3/5 (355 download)

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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.

Adoption of Product and Process Innovations in Differentiated Markets

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Adoption of Product and Process Innovations in Differentiated Markets by : Pia Weiss

Download or read book Adoption of Product and Process Innovations in Differentiated Markets written by Pia Weiss and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the effects of the degree of competition on the firms' decision to innovate in differentiated markets. We find that a low (high) degree of product differentiation (competition) weakly supports the introduction of new products. Firms' weakly favour a process innovation if the degree of product differentiation (competition) is high (low). In addition, assumptions on the strategic complementarity of product and process innovations and on the decreasing returns of a product innovation are found to be the critical assumptions in the sense of Milgrom and Roberts (1994).

Soft Innovation

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Publisher : Oxford University Press
ISBN 13 : 0199572488
Total Pages : 381 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Soft Innovation by : Paul Stoneman

Download or read book Soft Innovation written by Paul Stoneman and published by Oxford University Press. This book was released on 2010-02-04 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the existing economic literature on innovation has taken a particularly functional viewpoint as to what innovation might be. This book explores 'soft innovation', found in the creative industries such as publishing, film-making, advertising, and architecture, which has been, hitherto, ignored in innovation studies.

Innovation in Vertically Related Markets

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Innovation in Vertically Related Markets by : Yongmin Chen

Download or read book Innovation in Vertically Related Markets written by Yongmin Chen and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the impact of vertical industry structure on upstream process innovation. We find that vertical integration (VI) generally enhances innovation under downstream Cournot competition, but can diminish innovation under downstream Bertrand competition. We also find that under Bertrand competition, VI can increase innovation when the direct incentives for innovation are limited, but can reduce innovation when the direct incentives are pronounced.

Barriers to Entry and Market Coverage in Vertically Differentiated Markets

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (484 download)

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Book Synopsis Barriers to Entry and Market Coverage in Vertically Differentiated Markets by : Christos Constantatos

Download or read book Barriers to Entry and Market Coverage in Vertically Differentiated Markets written by Christos Constantatos and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Next we combine our previous results to examine whether an entry threat will induce a multiproduct monopolist to cover any parts of the market he/she would choose to leave unserved in the absence of such threat. We find that there are many cases where the uncovered market result is robust to the threat of entry.

Fast Second

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Publisher : John Wiley & Sons
ISBN 13 : 9780787976897
Total Pages : 211 pages
Book Rating : 4.9/5 (768 download)

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Book Synopsis Fast Second by : Constantinos C. Markides

Download or read book Fast Second written by Constantinos C. Markides and published by John Wiley & Sons. This book was released on 2004-09-24 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover why being a "fast second" is often more financially rewarding than being at the cutting edge. If you get there first, you'll lead the pack, right? Not necessarily! The skill-sets of most established companies, say strategy experts Constantinos Markides and Paul Geroski, are far better suited to scaling up newly created markets pioneered by others (in other words, being "fast seconds") than to creating these markets from scratch. In Fast Second, they explore the characteristics of new markets, describe the skills needed to create and compete in them, and show how these skills match up with different types of companies. Drawing on examples of successful fast-second firms such as Microsoft, Amazon, Canon, JVC, Heinz, and many others, they illustrate how to determine which new markets have the potential to be successful and how to move into them before the competition does, when to make a move into a new market, how to scale up a market, where to position a company in the market, and whether to be a colonizer or a consolidator. Order your copy today!

The Microeconomics of Product Innovation

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Publisher : Oxford University Press
ISBN 13 : 0192548638
Total Pages : 242 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis The Microeconomics of Product Innovation by : Paul Stoneman

Download or read book The Microeconomics of Product Innovation written by Paul Stoneman and published by Oxford University Press. This book was released on 2018-02-22 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has not given sufficient attention to the microeconomic analysis of innovation and technological change. Counteracting this imbalance, The Microeconomics of Product Innovation considers how the use of economic analysis can guide and inform the search for insight in the generation and adoption of new products synonymously labelled product innovation. Written in an accessible tone and restricting its analysis to the use of microeconomics, this book encompasses the definition of product innovation. It explores means of measurement and revealed patterns of the extent of product innovation; the economic analysis of the forces driving the demand for, the supply of, and incentives to generate new products; empirical evidence upon the determinants of the extent of product innovation; the diffusion of product innovations; product innovation and firm performance; price measurement under product innovation; product innovation and welfare; and public policy and product innovation.

Product Line Competition in Vertically Differentiated Markets

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (597 download)

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Book Synopsis Product Line Competition in Vertically Differentiated Markets by : G. De Fraja

Download or read book Product Line Competition in Vertically Differentiated Markets written by G. De Fraja and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation, Market Archetypes and Outcome

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Publisher : Springer Science & Business Media
ISBN 13 : 3790819468
Total Pages : 206 pages
Book Rating : 4.7/5 (98 download)

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Book Synopsis Innovation, Market Archetypes and Outcome by : Soumodip Sarkar

Download or read book Innovation, Market Archetypes and Outcome written by Soumodip Sarkar and published by Springer Science & Business Media. This book was released on 2007-08-11 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines an integrated innovation environment. Coverage describes four market archetypes as well as the market outcome for each archetype. The book analyzes innovation dynamics, including commoditization, the constant innovation challenge and the sustainability of innovation along with cases including the iPod, Lego, Barbie, the browser wars and Google.