Adoption of a Product Innovation in the Presence of Vertical Product Differentiation PDF Download
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Author: Shiou Shieh
Publisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 42
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Book Description
Author: Shiou Shieh
Publisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 42
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Book Description
Author: Shiou Shieh
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
Author: Prajit K. Dutta
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 42
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Book Description
After the initial breakthrough in the research phase of R&D a new product undergoes a process of change, improvement and adaptation to market conditions. We model the strategic behavior of firms in this development phase of R&D. We emphasize that a key dimension to this competition is the innovations that lead to product differentiation and quality improvement. In a duopoly model with a single adoption choice, we derive endogeneously the level and diversity of product innovations. We demonstrate the existence of equilibria in which one firm enters early with a low quality product while the other continues to develop the technology and eventually markets a high quality good. In such an equilibrium, no monopoly rent is dissipated and the later innovator makes more profits. Incumbent firms may well be the early innovators, contrary to the predictions of the hypothesis.
Author: Josef Zweimüller
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Author: Josef Zweimüller
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 19
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Book Description
Author: Luis C. Corchón
Publisher: Edward Elgar Publishing
ISBN: 178536328X
Category : Business & Economics
Languages : en
Pages : 567
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Book Description
The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.
Author: Skerdilajda Zanaj
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
Author: Pia Weiss
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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).
Author:
Publisher:
ISBN:
Category :
Languages : de
Pages :
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Author: Stephanie Rosenkranz
Publisher:
ISBN:
Category :
Languages : de
Pages : 25
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Book Description
