Author: Walter BeckertPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Competition in a Spatially-differentiated Product Market with Negotiated Prices
Author: Walter BeckertThe Economic Theory of Product Differentiation
Author: John BeathPublisher: Cambridge University Press
ISBN: 9780521335522
Category : Business & Economics
Languages : en
Pages : 220
Book Description
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.
Geographic- and Product-Market Definition in a Model of Spatial Competition with Differentiated Products
Author: Javier ElizaldeMarket Definition with Differentiated Products
Author: Dynamic price competition with price adjustment costs and product differentiation
Author: Gianluigi VernascaPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 23
Book Description
Spatial Competition in a Differentiated Market with Asymmetric Costs
Author: Tarek H. SelimPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Spatial quality choice is introduced, where consumers are horizontally differentiated by taste and firms vertically differentiated by quality location, within an equilibrium model of duopoly competition characterized by asymmetric fixed and variable costs. Firms choose quality location followed by prices but then may vertically re-locate their quality offerings based on changing horizontal consumer taste. A monopolistic equilibrium solution arises with firms achieving positive economic profits through price-quality markups exceeding marginal costs. Under strict inequality conditions, each firm acts as a monopolistic competitor within a range of quality choices governed by multiple relative differentiation outcomes. On the other hand, vertical re-location exhibits a resistance to change on the part of vertically located firms such that firms dislike quality re-location and prefer stable preferences in quality. Such resistance to change is overcome by firms re-locating their quality offerings to maximize monopolistic brand-space gains. It is argued that more horizontal differentiation may force more product differentiation by vertical quality relocation. A relative change in quality preferences may result in wider quality spreads in the market through vertical quality re-locations, even though the resistance to change arguments may still hold good.
Spatial Interaction Modelling
Author: John R. RoyPublisher: Springer Science & Business Media
ISBN: 3540248072
Category : Business & Economics
Languages : en
Pages : 247
Book Description
In this book, the author's strong commitment to the multi-disciplinary field of regional science emerges to provide a unifying framework between spatial modelling traditions from quantitative geography and those from spatial economics, whereby each is enhanced. Starting with a detailed discussion of each field illustrated with numerical examples, the two traditions are brought together by either making the economic models probabilistic or transforming the objectives of the geographic models to reflect both utility theory and production theory. The ideas are applied to develop urban models of activity analysis, face-to-face contacts and housing supply, as well as regional models in the areas of input-output analysis, imperfect competition and interregional migration.
Antitrust Law Journal
Author: The Political Economy of Antitrust
Author: Vivek GhosalPublisher: Elsevier
ISBN: 0444530932
Category : Business & Economics
Languages : en
Pages : 508
Book Description
Political-economy is defined broadly to include the demand-side drivers of antitrust activity such as market failures and interest-groups, along with supply-side drivers. This book covers topics such as: enforcement of cartels; merger control; monopolization and abuse of dominance; and, systemic issues in antitrust enforcement and policy. Motivated by recent events and experiences in antitrust enforcement and policy in the United States and the European Union, and new insights and findings from academic research, this book presents a collection of theoretical, empirical and public policy-oriented articles representing recent research on the political-economy of antitrust. Political-economy is defined broadly to include the demand-side drivers of antitrust activity such as market failures and interest-groups, along with supply-side drivers including ideology and partisan politics as well as the importance of informational limitations in antitrust enforcement and the institutional structure of the antitrust agencies. Examining issues related to the political-economy of antitrust is important as antitrust policy and enforcement provide a key mechanism for preserving the competitiveness of markets, with implications for innovation, efficiency, growth and welfare. This book brings together contributions by leading academic researchers in the areas of political-economy, cartels, merger and non-merger enforcement, as well as economists working with antitrust authorities in the U.S. and E.U., to make a timely contribution for researchers and practitioners. The chapters in this volume cover the full range of topics: enforcement of cartels; merger control; monopolization and abuse of dominance; and, systemic issues in antitrust enforcement and policy. Since the last few years have seen significant changes in both the U.S. and E.U. in the attitudes towards cartels, the book places emphasis on antitrust enforcement of cartels, including topics such as the corpora.
International Journal of Industrial Organization
Author: Publisher:
ISBN:
Category : Industrial organization
Languages : en
Pages : 762
Book Description