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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 : Yong-Hwan Noh
Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (68 download)
Download or read book Essays on Vertical Product Differentiation written by Yong-Hwan Noh and published by . This book was released on 2005 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores models of heterogeneous product markets that rely on the "vertical product differentiation" formulation. The demand structure applied here is the covered-market configuration under the vertical product differentiation. With this specification, product market equilibria of the monopoly and duopoly market are derived. In particular, parameter restrictions on the degree of relative consumer heterogeneity associated with the covered-market setting are identified and used to interpret analytical results. Based on the specified demand structure, I revisit two industrial organization topics from the perspectives of vertical product differentiation. The first essay analyzes the entry of a new product into a vertically differentiated market where an entrant and an incumbent compete in prices. Many models on strategic entry deterrence deal with "limit quantities" as the established firm's strategic tool to deter or accommodate entry. Here, however, the entry-deterrence strategies of the incumbent firm rely on "limit qualities". With a sequential choice of quality, quality-dependent marginal production cost, and a fixed entry cost, I relate the entry-quality decision and the entry-deterrence strategies to the level of an entry cost and the degree of consumer heterogeneity. In particular, the incumbent influences the quality choice of the entrant by choosing its quality level before the entrant. This allows the incumbent to "limit" the entrant's entry decision and quality levels. Quality-dependent marginal production costs in the model entail the possibility of inferior-quality entry as well as the incumbent's aggressive entry-deterrence strategies by increasing its quality level towards potential entry. Welfare evaluation confirms that social welfare is not necessarily improved when entry is encouraged rather than deterred. The second essay is motivated by some specific economic questions that have arisen with the introduction of 'genetically modified' (GM) agricultural products. A duopoly market-entry model associated with the vertical product differentiation is developed to show how the existence of segregation costs biases the firm's quality choice behavior. Thus, the key factor of the model is the cost of segregation activities that are necessary to distinguish GM products from non-GM products. With an increasing and convex cost of quality, the model predicts that the entrant firm has an increased incentive to enter the market with a low-quality good to reduce production costs if segregation costs are sufficiently high. When consumers are homogeneous enough, however, entry may occur with the high-quality good.
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 : Abigail Britton Ferguson
Publisher :
ISBN 13 :
Total Pages : 422 pages
Book Rating : 4.:/5 (436 download)
Download or read book Three Essays on Differentiated Product Markets and Competition Policy written by Abigail Britton Ferguson and published by . This book was released on 2009 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation features three essays in industrial organization. The first two investigate aspects of potentially anticompetitive firm behavior in differentiated product markets. Contrary to previous analyses, requirements tying and bundled rebates by a firm with a monopoly in one market that competes in another may increase total surplus when product differentiation in the competitive market is endogenous. This result is stronger for tying than for bundled rebates, and holds for both horizontal and vertical differentiation (essays 1 and 2, respectively). Under requirements tying or bundled rebates, a multiproduct firm (horizontally) differentiates its product less from its rival's product than it would under independent pricing, suggesting a new efficiency consideration for requirements tying: a reduction in transport costs. A similar result prevails under vertical differentiation: when the tying firm controls either quality niche, it reduces the quality of its tied product; however, the rival may invest in the quality of its competing product. Hence, the effect on total surplus is ambiguous when tying or bundled rebates arrangements are permitted. The second essay employs an empirical model typically used to analyze differentiated product markets analyze a different economic environment: parents' decision to home school their children. Home schooling has grown in popularity as an alternative to public or private schools; some estimates place growth at 15 to 40% per year in the U.S.I empirically estimate the demand for home schooling as an alternative to these other modes of education, focusing on potential network effects in household decisions to home-school. I find support for the hypothesis that home schooling 'support groups' mitigate the cost of home schooling relative to the alternatives, but only occur in areas with a critical mass of home-schooling households. The data also suggest that as interest in home schooling grows, the local community's school district spending per child declines, increasing the probability that more parents will take their children out of public schools. Both phenomena suggest the existence of network effects in the market for primary and secondary education.
Author : Jonas Häckner
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.X/5 (2 download)
Download or read book Price and Quality written by Jonas Häckner and published by . This book was released on 1993 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Werner Meyer
Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.3/5 (91 download)
Download or read book Essays on Quality and Product Differentiation written by David Werner Meyer and published by . This book was released on 1996 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Vertical Product Differentiation written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George Bitros
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543602
Total Pages : 328 pages
Book Rating : 4.5/5 (436 download)
Download or read book Essays in Economic Theory, Growth, and Labour Markets written by George Bitros and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic research. They provide fresh insights and approaches to the analysis of these issues, and thus open up wider avenues for our understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and endowment changes.
Author : Lawrence Abbott
Publisher : Westport, Conn : Greenwood Press
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.0/5 ( download)
Download or read book Quality and Competition written by Lawrence Abbott and published by Westport, Conn : Greenwood Press. This book was released on 1973 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kyonghwa Jeong
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.3/5 (129 download)
Download or read book Two Essays on Product Bundling and One Essay on Vertical Integration written by Kyonghwa Jeong and published by . This book was released on 2006 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jakob Arne Robert Jeanrond
Publisher :
ISBN 13 :
Total Pages : 95 pages
Book Rating : 4.:/5 (18 download)
Download or read book Differentiated Products written by Jakob Arne Robert Jeanrond and published by . This book was released on 2013 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis focuses on how specific aspects of product differentiation affect economic outcomes through their impact on competition between firms. The first paper presents an analysis of firms' incentives to share information about the perceived profitability of different technologies prior to making an investment decision. The model is one of vertical product differentiation in which firms face uncertainty over consumers' preferred product. The main result is that firms reveal information only when they are sufficiently uncertain about which investment strategy to pursue. Information can be revealed in order to facilitate either coordination on a particular technology or anti-coordination on different technologies. In the second paper a seller can choose to sell one or several horizontally differentiated products from competing developers. Developers can charge the seller different wholesale prices for their products where prices are dependent on whether the seller will also carry a competing product. A higher consumer valuation of products raises the potential market share from a single product and thereby increases competition between developers. This implies developer profits can decrease in product quality. The model is compared to a situation in which developers compete for consumers without an intermediary seller. This comparison illustrates how developers sometimes can make higher profits by using a downstream seller since the seller's pricing response acts as a competition softener between developers. In paper three the focus is on product allocation through a single developer of several products who can decide how to allocate them among sellers. This model also features horizontally differentiated products but introduces multidimensional consumer preferences over products and sellers. The developer's product allocation decision is shown to be a key profit determinant for the supply chain. By distributing different products to each seller, the developer can focus inter-seller competition on the product dimension of consumer preferences. Distributing the same products to both sellers allows the developer to force sellers to compete in the dimension of consumers' seller preferences. The relative intensity of consumer preferences over products and sellers thereby determines a profit maximizing allocation for the developer.
Author : Fabian Herweg
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (426 download)
Download or read book Can Price Discrimination Lead to Product Differentiation? written by Fabian Herweg and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stefan Lutz
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)
Download or read book Vertical Product Differentiation and Entry Difference written by Stefan Lutz and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joon Lim
Publisher :
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.3/5 (129 download)
Download or read book Three Essays on Successive Vertical Oligopolies written by Joon Lim and published by . This book was released on 2005 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Avner Shaked
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)
Download or read book Product Differentiation and Industrial Structure written by Avner Shaked and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : P. Belleflamme
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (247 download)
Download or read book Product Differentiation in Successive Vertical Oligopolies written by P. Belleflamme and published by . This book was released on 2000 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Louis Phlips
Publisher : Cambridge University Press
ISBN 13 : 9780521629546
Total Pages : 460 pages
Book Rating : 4.6/5 (295 download)
Download or read book Applied Industrial Economics written by Louis Phlips and published by Cambridge University Press. This book was released on 1998-09-24 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reader provides a unique mix of American and European contributions to the study of particular markets, often combined with a critical evaluation of antitrust regulations, decisions or judgments. Part I explains market structure as a function of sunk costs and market size. Part II illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets. Parts III and IV give a game-theoretic foundation to competition policy and merger control. Louis Phlips offers a comprehensive introduction to the text in which he very carefully explains the reasoning behind his choice of papers, and provides a superb synthesis of the material. Particular highlights include the discussion and evaluation of antitrust regulations, which involve a systematic comparative analysis of European and American regulations, decisions and judgments in this area.
