Author: Toshihide Mizuno
Publisher:
ISBN:
Category : Consumers' preferences
Languages : en
Pages : 22

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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: Simon P. Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 423

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Author:
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 56

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Author: John Beath
Publisher: Cambridge University Press
ISBN: 9780521335522
Category : Business & Economics
Languages : en
Pages : 220

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There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.

Author: Daniel A. Ackerberg
Publisher:
ISBN:
Category : Consumers' preferences
Languages : en
Pages : 33

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Standard discrete choice models such as logit, nested logit, and random coefficients models place very strong restrictions on how unobservable product space increases with the number of products. We argue (and show with Monte Carlo experiments) that these restrictions can lead to biased conclusions regarding price elasticities and welfare consequences from additional products. In addition, these restrictions can identify parameters which are not intuitively identified given the data at hand. We suggest two alternative models that relax these restrictions, both motivated by structural interpretations. Monte-Carlo experiments and an application to data show that these alternative models perform well in practice

Author: Wulin M. Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages : 232

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Author: Osvaldo Gervasi
Publisher: Springer
ISBN: 3540340769
Category : Computers
Languages : en
Pages : 1268

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The five-volume set LNCS 3980-3984 constitutes the refereed proceedings of the International Conference on Computational Science and Its Applications, ICCSA 2006. The volumes present a total of 664 papers organized according to the five major conference themes: computational methods, algorithms and applications high performance technical computing and networks advanced and emerging applications geometric modelling, graphics and visualization information systems and information technologies. This is Part III.

Author: Jacques François Thisse
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 408

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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