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Author : J. Bradley Barbeau
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (287 download)
Download or read book Inter- and Intrafirm Competition in Multiproduct Firms written by J. Bradley Barbeau and published by . This book was released on 1989 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luca Lambertini
Publisher : Routledge
ISBN 13 : 1317218256
Total Pages : 265 pages
Book Rating : 4.3/5 (172 download)
Download or read book An Economic Theory of Managerial Firms written by Luca Lambertini and published by Routledge. This book was released on 2017-04-21 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary views on managerial firms. This book offers a comprehensive exposition of this debate. In its survey of strategic delegation in oligopoly games, An Economic Theory of Managerial Firms is able to offer a reinterpretation of a range of standard results in the light of the fact that the control of firms is generally not in the hand of its owners. The theoretical models are supported by a wealth of real-world examples, in order to provide a study of strategic delegation that is far more in-depth than has previously been found in the literature on industrial organization. In this volume, analysis is extended in several directions to cover applications concerning the role of: managerial firms in mixed market; collusion and mergers; divisionalization and vertical relations; technical progress; product differentiation; international trade; environmental issues; and the intertemporal growth of firms. This book is of great interest to those who study industrial economics, organizational studies and industrial studies.
Author : Luis M. B. Cabral
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (129 download)
Download or read book Multiproduct Oligopoly and Bertrand Supertraps written by Luis M. B. Cabral and published by . This book was released on 2008 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study oligopoly price competition between multiproduct firms, firms whose productsinteract in the promacr;t function. Specifically, we focus on the impact of intra firm product interactions on the level of equilibrium prices and promacr;ts. This impact is divided into two effects: a direct effect and a strategic effect (i.e., through the competitors' actions). We derive conditionssuch that, if intra-firm product interactions cause prices to decrease (increase) while holding competitors' prices fixed, then the strategic effect hurts (benefits) the macr;rm. We also show that, under reasonable general assumptions, the strategic effect more than outweighs the direct effect, so that equilibrium promacr;ts vary in the direction opposite of the direct effect (Bertrandsupertrap). Several instances of Bertrand supertraps are developed. For example, stronger demand complementarity or economies of scope lead to tougher price competition to an extent that may decrease profitability (even when the direct profit effect is positive). We present a number of applications of the general results, including learning curves, network effects, systems competition, bundling, switching costs, and internet cross-referencing.
Author : Min-Chow Hong
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (216 download)
Download or read book Multiple Interactive Competition Among Multiproduct Firms written by Min-Chow Hong and published by . This book was released on 1989 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research attempts to observe competitive behaviors in a multiple reaction-multimarket setting. Competition is treated as the game of exerting price and product decision variables in several markets. The products sold in the markets are partial substitutes for each other. The interaction between a firm and its rivals is represented by a set of price and product conjectures, which represents the firm's belief about rivals' responses against its decision changes. The U.S. automobile industry is used to examine the interaction. By estimating the competitive conjectures, diverse patterns of competition are found among the U.S. automobile producers. In general, firms are more cooperative in price games than in product games and more cooperative in highly profitable markets than in less profitable markets. Market share is found to have effect on within-market price conjectures but no effect on product conjectures.
Author : Carsten Eckel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Multi-Product Firms and Flexible Manufacturing in the Global Economy written by Carsten Eckel and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a new model of multi-product firms (MPFs) and flexible manufacturing, and explore its implications in partial and general oligopolistic equilibrium. Globalization affects the scale and scope (or intensive margin and intra-firm extensive margin) of MPFs through a competition effect and a demand effect. The model highlights a new source of gains from trade: productivity increases as firms become "leaner and meaner", concentrating on their core competence; but also a new source of losses from trade: product variety may fall. Our results also hold under free entry, which allows in addition for adjustment along the traditional inter-firm extensive margin.
Author : Marco Di Cintio
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (129 download)
Download or read book Product Differentiation and Multiproduct Strategies written by Marco Di Cintio and published by . This book was released on 2006 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the price-setting behavior of multiproduct firms in a differentiated product market. The structure considered is one where large companies offer either a set of close substitutes (market segmentation) or a set of distant substitutes (market interlacing). The modelling strategy of the paper is to allow for two different elasticities of substitution: the intra-company elasticity of substitution and the inter-company elasticity of substitution. The key feature of the model is the possibility for multiproduct companies to choose their optimal internal organizational structure, according to the relative size of these two parameters. In order to maximize profits, each company may either set prices centrally, or alternatively it may assign an independent product manager to run each division. In other words, product managers of the same company may behave either independently or cooperatively. While the model does not consider either the proliferation or the product-line selection decisions, it deals with multiproduct frms price decisions under oligopolistic competition making use of conjectural variations. Its main purpose has been to provide a micro-founded answer about the question of whether and when a system of independent product managers (decentralized decisions) is better than a mechanism with a centralized general direction. Coordination is always profitable under market segmentation; while under market interlacing, the strategy of relying on independent product managers is profitable when the standard monopolistic competition arises; it may also be profitable with oligopolistic (Bertrand) competition under some assumptions.
Author : Chun-Hsiung Liao
Publisher :
ISBN 13 :
Total Pages : 226 pages
Book Rating : 4.:/5 (42 download)
Download or read book Multiproduct Firms written by Chun-Hsiung Liao and published by . This book was released on 1998 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gene M. Grossman
Publisher : MIT Press
ISBN 13 : 9780262570930
Total Pages : 414 pages
Book Rating : 4.5/5 (79 download)
Download or read book Imperfect Competition and International Trade written by Gene M. Grossman and published by MIT Press. This book was released on 1992 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects 19 of the most influential articles on trade with imperfect competition, providing ready access to current research by top-level economists.
Author : Volker Grossmann
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (163 download)
Download or read book Firm Size and Diversification written by Volker Grossmann and published by . This book was released on 2003 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: A positiv relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this oberservation. This paper analyzes an oligopoly model with asymmetric multiproduct firms, which is capable of addressing this issue. The model suggests that intangible assets of firms, which affect marginal costs or perceived quality of goods within a firm's product line, play a key role for the empirical regularity that larger firms are more diversified.
Author : Jiandong Ju
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Oligopolistic Competition, Technology Innovation, and Multiproduct Firms written by Jiandong Ju and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firms' proliferation behavior in a differentiated product market is studied using an oligopolistic competition model with multiproduct firms. The model has the following characteristics: (1) the elasticity of substitution across firm's own products and the elasticity of substitution across different firms are allowed to differ; (2) the product managers of the same firm behave cooperatively rather than independently; (3) the number of firms is determined by a free-entry condition and so is endogenous. If the elasticity of substitution across the firm's own products increases, it is shown that the firm proliferates less and the number of firms in the market increases. If the elasticity of substitution across different firms increases, firms proliferate more and the number of firms in the market decreases.
Author : Robert C. Feenstra
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (191 download)
Download or read book Optimal Choice of Product Scope for Multiproduct Firms Under Monopolistic Competition written by Robert C. Feenstra and published by . This book was released on 2007 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we develop a monopolistic competition model where firms exercise their market power across multiple products. Even with CES preferences, markups are endogenous. Firms choose their optimal product scope by balancing the net profits from a new variety against the costs of "cannibalizing" their own sales. With identical costs across firms, opening trade leads to fewer firms surviving in each country but more varieties produced by each of those firms. With heterogeneous costs, the number of firms surviving in equilibrium is quite insensitive to the market size. When trade is opened, more firms initially enter, but the larger market size reduces the cannibalization effect and expands the optimal scope of products. As a result, the less efficient firms exit, and the larger market is accommodated by more efficient firms that produce more varieties per firm on average.
Author : Hamid Etemad
Publisher : Edward Elgar Publishing
ISBN 13 : 1845421558
Total Pages : 299 pages
Book Rating : 4.8/5 (454 download)
Download or read book International Entrepreneurship in Small and Medium Size Enterprises written by Hamid Etemad and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: The drivers of globalization are removing the barriers that segregated the competitive space of the small and large firms in the past. It is becoming increasingly difficult for independent small firms to thrive in their traditional markets unless they are globally competitive. Managing an enterprise's commercial, industrial and political relations well, regardless of size and location, is the essence of the entrepreneurial challenge in this competitive arena. Small and medium size enterprises (SMEs) often face very different issues than large multinational enterprises do when confronting internationalization. This volume provides an in-depth discussion of these challenges. The contributors to this volume explore the emerging patterns of SME growth and international expansion in response to the evolving competitive environment, dynamics of competitive behavior, entrepreneurial processes and formulation of strategy. They examine the basis and requirements of growth and expansion from three perspectives: the rapidly-changing environment in which business is conducted, entrepreneurial characteristics, and the evolving strategic and competitive response to this changing business environment. Business leaders, scholars and students interested in international business and entrepreneurship will welcome this volume.
Author : Jiandong Ju
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Imperfect Competition, Technology Innovation, and Multiproduct Firms written by Jiandong Ju and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both horizontal and vertical innovations are studied in this paper, using monopolistic and oligopolistic competition models with multiproduct firms. We consider a two-stage game. In the first stage, all firms simultaneously choose their own number of products. In the second stage, firms make price decisions to maximize the sum of profits for their own products where a compound CES utility function is considered. We assume that the elasticity of substitution across the products produced within the same firm is different from the elasticity of substitution across the products produced by different firms. A firm's innovation level is shown to increase either as income increases or as the firm's entry cost increases. The firm's innovation level decreases either when the elasticity of substitution across products produced by different firms increases or when the marginal cost of innovation increases. In a symmetric equilibrium, firms produce differentiated products with the same level of quality. In contrast to other imperfect competition models with multiproduct firms, the model studied in this paper has the following characteristics: 1) The model is simple and sufficiently general. The model is made easily comparable with the Dixit-Stiglitz (1977) model to increase applicability. 2) The product managers of the same firm behave cooperatively rather than independently. 3) The number of firms is endogenous rather than exogenous, which is determined by a free-entry condition. Since the marginal innovation cost can connected to the usage of human capital and the entry cost can be connected to the investment cost, the model developed in this paper can be easily applied to the studies of labor market, capital market, and technology market. While the corresponding applications in international trade, industrial organization, and macroeconomics may be interesting, they are left for further research.
Author :
Publisher :
ISBN 13 :
Total Pages : 974 pages
Book Rating : 4.0/5 (22 download)
Download or read book Journal of International Economics written by and published by . This book was released on 2003 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Best
Publisher : Oxford University Press
ISBN 13 : 0191522872
Total Pages : pages
Book Rating : 4.1/5 (915 download)
Download or read book The New Competitive Advantage written by Michael Best and published by Oxford University Press. This book was released on 2001-07-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the sustained resurgence of American economy, and the firms, regions, and technologies that are driving this growth. Michael Best develops a new model of technology management and regional innovation based on the principle of systems integration. The principle of systems integration is manifest in the organizational capability of firms, individually and networked, to foster rapid technological change. Application of the principle of sysyems integration to business organization means integrating an ongoing technology management capability into a production system. The effect is a network or clusterof entrepreneurial firms in which design is decentralized within the enterprise and diffused anongst networked enterprises.It is a business model ideally suited to product-led strategies and technological innovation. The combination of entreprenurial firms and inter-firm networks is shown to foster a range of dynamic cluster processes which, in turn, underlie the growth of Silicon Valley and the unexpected resurgence of Boston's Route 128. The general character of the capabilities and innovation perspective is illustrated with applications to regions at different levels of industrial development. The implications for policy making are profound: technology management is a powerful lever for both fostering growth and shaping competitive advantage. Moreover, it offers a framework for addressing the challenge of ecologically sustainable growth. Complex product systems, such as energy, transportation, and health, are a consequence of past and present technology R&D choices and corresponding investements in technical education. Thus capability and skill development policies shape what is on offer in the marketplace.
Author : Nicolai J. Foss
Publisher : Taylor & Francis
ISBN 13 : 9780415196413
Total Pages : 536 pages
Book Rating : 4.1/5 (964 download)
Download or read book The Theory of the Firm written by Nicolai J. Foss and published by Taylor & Francis. This book was released on 2000 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Federico Etro
Publisher : Springer Science & Business Media
ISBN 13 : 3540496017
Total Pages : 296 pages
Book Rating : 4.5/5 (44 download)
Download or read book Competition, Innovation, and Antitrust written by Federico Etro and published by Springer Science & Business Media. This book was released on 2007-09-05 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to competition policy and issues of the abuse of dominance.
