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Strategic Vertical Differentiation And Durable Goods Monopoly
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Book Synopsis Strategic Vertical Differentiation and Durable Goods Monopoly by : Lisa N. Takeyama
Download or read book Strategic Vertical Differentiation and Durable Goods Monopoly written by Lisa N. Takeyama and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers a novel and strategic use of quality as a means for solving the durable-goods time inconsistency problem. It demonstrates how durable-goods producers can exploit the cannibalization of high-quality markets by low-quality goods. Relative to the static product line solution, this strategic dimension of quality choice implies higher quality levels of low-end goods and the production of some low-end products that would not otherwise be produced. In some cases, low-end goods may rationally be sold below cost. The paper, therefore, offers a purely Coasian explanation for vertical product differentiation.
Book Synopsis Differentiated Durable Goods Monopoly by : Francesco Nava
Download or read book Differentiated Durable Goods Monopoly written by Francesco Nava and published by . This book was released on 2018 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes a durable good monopoly problem in which multiple varieties can be produced and sold. A robust Coase conjecture establishes that the market eventually clears, that profits exceed static optimal market-clearing profits, and that profits converge to this lower bound in all stationary equilibria when prices can be revised instantaneously. In contrast to the one-variety case though, equilibrium pricing is neither efficient nor minimal (that is, equal to the maximum between marginal cost an the minimal value). Conclusions apply even when products can be scrapped albeit at possibly smaller mark-ups. If so, a novel motive for selling high cost products naturally emerges. Moreover, with positive marginal costs, cross-subsidization arises as a result of equilibrium pricing. The online appendix delivers insights on product design.
Book Synopsis Strategic buyers in a durable goods monopoly by : Giuseppe Colangelo
Download or read book Strategic buyers in a durable goods monopoly written by Giuseppe Colangelo and published by . This book was released on 1993 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hollywood's Road to Riches by : David Waterman
Download or read book Hollywood's Road to Riches written by David Waterman and published by Harvard University Press. This book was released on 2009-07-01 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Out-of-control costs. Box office bombs that should have been foreseen. A mania for sequels at the expense of innovation. Blockbusters of ever-diminishing merit. What other industry could continue like this--and succeed as spectacularly as Hollywood has? The American movie industry's extraordinary success at home and abroad--in the face of dire threats from broadcast television and a wealth of other entertainment media that have followed--is David Waterman's focus in this book, the first full-length economic study of the movie industry in over forty years. Combining historical and economic analysis, Hollywood's Road to Riches shows how, beginning in the 1950s, a largely predictable business has been transformed into a volatile and complex multimedia enterprise now commanding over 80 percent of the world's film business. At the same time, the book asks how the economic forces leading to this success--the forces of audience demand, technology, and high risk--have combined to change the kinds of movies Hollywood produces. Waterman argues that the movie studios have multiplied their revenues by effectively using pay television and home video media to extract the maximum amounts that individual consumers are willing to pay to watch the same movies in different venues. Along the way, the Hollywood studios have masterfully handled piracy and other economic challenges to the multimedia system they use to distribute movies. The author also looks ahead to what Internet file sharing and digital production and distribution technologies might mean for Hollywood's prosperity, as well as for the quality and variety of the movies it makes.
Book Synopsis Monopoly Production and Pricing of Finitely Durable Goods with Strategic Consumers' Fluctuating Willingness to Pay by : Vera Tilson
Download or read book Monopoly Production and Pricing of Finitely Durable Goods with Strategic Consumers' Fluctuating Willingness to Pay written by Vera Tilson and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Durable-Goods Monopoly with Varying Demand by : Simon Board
Download or read book Durable-Goods Monopoly with Varying Demand written by Simon Board and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper solves for the profit maximising strategy of a durable-goods monopolist when incoming demand varies over time. Each period, additional consumers enter the market; these consumers can then choose whether and when to purchase. We first characterise the consumer's utility maximisation problem and, under a monotonicity condition, show the profit maximising allocation can be solved through a myopic algorithm, which has an intuitive marginal revenue interpretation. Consumers' ability to delay creates an asymmetry in the optimal price path, which exhibits fast increases and slow declines. This asymmetry pushes the price level above that charged by a firm facing the average level of demand. Applications of this framework include deterministic demand cycles, one-off shocks and IID demand draws. The optimal policy outperforms renting and can be implemented by a time consistent best-price provision.
Book Synopsis Durable Goods Monopoly with Privately Known Impatience by : Werner Güth
Download or read book Durable Goods Monopoly with Privately Known Impatience written by Werner Güth and published by . This book was released on 2002 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Durable Goods Monopoly and Futures Markets by : Ronald W. Anderson
Download or read book Durable Goods Monopoly and Futures Markets written by Ronald W. Anderson and published by . This book was released on 1984 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategic Consumer of a Durable-goods Monopolist by : Jacques Thépot
Download or read book Strategic Consumer of a Durable-goods Monopolist written by Jacques Thépot and published by . This book was released on 1992 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Asymmetric Information and Differentiated Durable Goods Monopoly by : Didier Laussel
Download or read book Asymmetric Information and Differentiated Durable Goods Monopoly written by Didier Laussel and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Durable Goods Monopoly under Private Information by : Valerie Y. Suslow
Download or read book Durable Goods Monopoly under Private Information written by Valerie Y. Suslow and published by . This book was released on 1987 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Durable Goods Monopoly with Entry of New Consumers by : Joel Sobel
Download or read book Durable Goods Monopoly with Entry of New Consumers written by Joel Sobel and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Mergers in Differentiated Products Industries by : Gregory Werden
Download or read book The Effects of Mergers in Differentiated Products Industries written by Gregory Werden and published by . This book was released on 1993 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertical Contracts as Strategic Commitments by : Cindy R. Alexander
Download or read book Vertical Contracts as Strategic Commitments written by Cindy R. Alexander and published by . This book was released on 1993 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertically Differentiated Monopoly with a Positional Good by : Luca Lambertini
Download or read book Vertically Differentiated Monopoly with a Positional Good written by Luca Lambertini and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse positional effects in a monopoly market with vertical differentiation, comparing monopoly and social planning. The provision of quality under monopoly depends upon the relative size of positional effects and the hedonic evaluation of quality. An elitarian equilibrium where quality increases in the level of positional concern emerges under monopoly, only if the market is sufficiently rich. Under social planning, quality increases in the level of positional externality, independently of market affluency. As long as partial market coverage obtains under both regimes, the monopoly deadweight loss decreases as the positional externality becomes more relevant.
Author :Compiled by the British Library of Political and Economic Science Publisher :Routledge ISBN 13 :1134340036 Total Pages :675 pages Book Rating :4.1/5 (343 download)
Book Synopsis IBSS: Economics: 2002 Vol.51 by : Compiled by the British Library of Political and Economic Science
Download or read book IBSS: Economics: 2002 Vol.51 written by Compiled by the British Library of Political and Economic Science and published by Routledge. This book was released on 2013-05-13 with total page 675 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00
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.
