Differentiated Duopoly Under Vertical Relationships with Communication Costs PDF Download
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Author: Arghya Ghosh
Publisher:
ISBN: 9780733419522
Category : Automobile industry and trade
Languages : en
Pages : 32
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Book Description
Author: Arghya Ghosh
Publisher:
ISBN: 9780733419522
Category : Automobile industry and trade
Languages : en
Pages : 32
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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.
Author: Sungmin Lim
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Alberto Cavaliere
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
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Book Description
Author: Piercarlo Zanchettin
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 32
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Book Description
Author: Nanyun Zhang
Publisher:
ISBN:
Category : Academic-industrial collaboration
Languages : en
Pages : 304
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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.
Author: Corrado Benassi
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
The paper proves the existence of a subgame perfect Nash equilibrium in a vertically differentiated duopoly with uncovered market, for a large set of symmetric and asymmetric distributions of consumers, including, among others, all logconcave distributions. The proof relies on the 'income share elasticity' representation of the consumers' density function, which ensures the analytical tractability of the firms' optimality conditions at a high level of generality. Some illustrative examples of the solution are offered, in order to assess the impact of distributive shocks on the equilibrium market configuration.
Author: Iwan Bos
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Raymond J. Deneckere
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 56
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Book Description
