Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Sequential Entry In A Vertically Differentiated Duopoly
Download Sequential Entry In A Vertically Differentiated Duopoly full books in PDF, epub, and Kindle. Read online Sequential Entry In A Vertically Differentiated Duopoly ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Sequential Entry in a Vertically Differentiated Duopoly by :
Download or read book Sequential Entry in a Vertically Differentiated Duopoly written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse a model of vertical differentiation focusing on the trade-off between entering early and exploiting monopoly power with a low quality, versus waiting and enjoying a dominant market position with a superior product. We show that there exists a unique equilibrium where the leader enters with a lower quality than the follower, for low discount factors, for high costs of quality and for low consumers willingness to pay for quality.
Book Synopsis Sequential Entry in a Vertically Differentiated Duopoly by : Piero Tedeschi
Download or read book Sequential Entry in a Vertically Differentiated Duopoly written by Piero Tedeschi and published by . This book was released on 2004 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
Book Synopsis Market Coverage and the Existence of Equilibrium in a Vertically Differentiated Duopoly by :
Download or read book Market Coverage and the Existence of Equilibrium in a Vertically 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: The existence of a pure-strategy subgame perfect equilibrium in qualities and prices is investigated in a duopoly model of vertical differentiation where quality improvements require a quadratic variable cost. The alternative cases of partial and full market coverage are considered. It is shown that there exists a parameter range where the incentive to decrease differentiation arises for the high-quality firm, preventing firms to reach a pure-strategy duopoly equilibrium.
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 competition with information disparities in a vertically differentiated duopoly by : Alberto Cavaliere
Download or read book Price competition with information disparities in a vertically differentiated duopoly written by Alberto Cavaliere and published by . This book was released on 2004 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertically Differentiated Duopoly with Uncertain Taste Distributions by : Sungmin Lim
Download or read book Vertically Differentiated Duopoly with Uncertain Taste Distributions written by Sungmin Lim and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a vertically differentiated duopoly with quadratic production costs where firms are uncertain about consumer taste distribution. We find two key results. First, when the quality difference is relatively greater (smaller) than the difference in the two firms' costs, uncertainty increases the market share of the high-quality (low-quality) product. Second, small degrees of uncertainty always increase social welfare.
Book Synopsis Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation by : Lin Liu
Download or read book Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation written by Lin Liu and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash equilibrium, which contrasts with the endogenous timing in a purely private duopoly.
Book Synopsis Location in a Vertically Differentiated Industry by : Emanuele Bacchiega
Download or read book Location in a Vertically Differentiated Industry written by Emanuele Bacchiega and published by . This book was released on 2005 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Coverage and the Existence of Equilibrium in a Vertically Differentiated Duopoly by :
Download or read book Market Coverage and the Existence of Equilibrium in a Vertically Differentiated Duopoly written by and published by . This book was released on 1998 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Sequential Vs Simultaneous Equilibria in a Differentiated Duopoly by :
Download or read book Sequential Vs Simultaneous Equilibria in a Differentiated Duopoly written by and published by . This book was released on 1996 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing and the Choice of Quality in a Vertically Differentiated Duopoly by :
Download or read book Endogenous Timing and the Choice of Quality in a Vertically 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: The endogenous choice of timing is discussed in a vertically differentiated duopoly where quality improvement requires a fixed convex cost. The timing decision concerns the quality stage. Using an extended game with observable delay, it is shown that only simultaneous equilibria can arise. This puts into question the ability of Stackelberg games to describe the entry process.
Book Synopsis Financial Structure and Market Equilibrium in a Vertically Differentiated Industry by : Jean Lefoll
Download or read book Financial Structure and Market Equilibrium in a Vertically Differentiated Industry written by Jean Lefoll and published by . This book was released on 2004 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of uncertainty and the choice of financial structure in a vertically differentiated duopoly. In the market model consumers are located along a continuum of taste parameters and prefer unanimously higher to lower qualities when quality prices are set at average variable cost. In such a model only two firms can survive with a positive market share. We introduce uncertainty in demand by varying the range of the consumer taste parameter and consider a simultaneous game of sequential choices of quality, financial structure and product price, with varying order of decision-making and revelation of information. We consider both restricted and free entry. It is shown that financial structure affects market equilibrium, which is also heavily dependent on the order of choice of structure and quality, as well as on whether uncertainty exists in the lower or the upper limit of the taste parameter. In all cases leverage increases the lower quality and in most cases it also increases the lower quality price. There are also welfare implications, with the use of leverage when it is optimal improving both total and consumer surplus.
Book Synopsis Product differentiation in a market with endogenous sequential entry by : Walter James Lane jr.
Download or read book Product differentiation in a market with endogenous sequential entry written by Walter James Lane jr. and published by . This book was released on 1978 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Vertical Product Differentiation by : Yong-Hwan Noh
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.
Book Synopsis Mixed Duopoly with Product Differentiation by : Toshihiro Matsumura
Download or read book Mixed Duopoly with Product Differentiation written by Toshihiro Matsumura and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the sequential choice of location in a mixed duopoly, where a welfare-maximising public firm competes against a profit-maximising private firm. We examine the desirable role of the public firm in a mixed market. We also consider the effect of price regulation. We find that the public firm should become the follower (leader) if a price regulation is (is not) imposed. We also find that neither price regulation nor privatisation of the public firm improves welfare.
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.
