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Author: Norbert Schulz
Publisher:
ISBN:
Category :
Languages : en
Pages : 72
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Author: Norbert Schulz
Publisher:
ISBN:
Category :
Languages : en
Pages : 72
Get Book Here
Book Description
Author: Norbert Schulz
Publisher:
ISBN:
Category :
Languages : de
Pages : 72
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Author: José L. Moraga González
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 51
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Book Description
This paper extends the literature on simultaneous search by allowing for differentiated products and consumer search cost heterogeneity. In a duopolistic market, consumers with sufficiently low search costs choose to inspect the products of the two firms and purchase, if any, the most suitable; consumers with higher search costs choose to examine just one of the products; consumers with prohibitively high search costs do not check any of the products and drop out of the market altogether. For arbitrary search cost distributions, when match values are assumed to be uniformly distributed, a symmetric price equilibrium always exists. We provide a necessary and sufficient condition on the search cost distribution under which an increase in the costs of search of all consumers may result in a lower, equal or higher equilibrium price. The effects of prominence on equilibrium prices are also studied. The prominent firm charges a higher price than the non-prominent firm and both their prices are below the symmetric equilibrium price. Consequently, with simultaneous search, market prominence increases the surplus of consumers. In an extension, we provide conditions under which the equilibrium of the N-firm model exists.
Author: Peter Nijkamp
Publisher: Elsevier
ISBN: 9780444879707
Category : Business & Economics
Languages : en
Pages : 648
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Book Description
This second volume of the Handbook presents professional surveys of all the important topics in urban economics. The first section contains 6 surveys on locational analysis, the second, 5 surveys of specific urban markets, and the third part presents 5 surveys of government policy issues. The book brings together exhaustive research by distinguished scholars from many countries. It is the only complete survey volume of urban economics and should serve as a reference volume to scholars and graduate students for many years. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Author: Norbert Schulz
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 35
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 258
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Author: Simon P. Anderson
Publisher: MIT Press
ISBN: 9780262011280
Category : Business & Economics
Languages : en
Pages : 454
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"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.
Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 644
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Author: Paul Belleflamme
Publisher: Cambridge University Press
ISBN: 1107069971
Category : Business & Economics
Languages : en
Pages : 827
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Book Description
Updated according to classroom feedback, this comprehensive textbook blends theory and formal models with real-world applications and take-away lessons.
Author: Jeremy A. Verlinda
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 64
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Book Description
