Product differentiation with multiple qualities
| Autor: | Francesca Barigozzi, Ching-to Albert Ma |
|---|---|
| Přispěvatelé: | F. Barigozzi, A. Ma |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
TheoryofComputation_MISCELLANEOUS
Economics and Econometrics Computer Science::Computer Science and Game Theory Quality and price competition Strategy and Management media_common.quotation_subject Economics Econometrics and Finance (miscellaneous) Product differentiation multidimensional product differentiation quality and price competition 0502 economics and business ddc:330 Economics Production (economics) Quality (business) 050207 economics Unit cost 050205 econometrics media_common Mathematics L13 05 social sciences Regular polygon TheoryofComputation_GENERAL SECS-P/01 Economia politica Multidimensional product differentiation Quaderni - Working Paper DSE Industrial relations Mathematical economics D43 |
| Zdroj: | Barigozzi, Francesca ; Ma, Ching-to Albert (2016) Product Differentiation with Multiple Qualities. Bologna: Dipartimento di Scienze economiche DSE, p. 43. DOI 10.6092/unibo/amsacta/5407 |
| DOI: | 10.6092/unibo/amsacta/5407 |
| Popis: | We study subgame-perfect equilibria of the classical quality-price, multistage game of vertical product differentiation. Each of two firms can choose the levels of an arbitrary number of qualities. Consumers’ valuations are drawn from independent and general distributions. The unit cost of production is increasing and convex in qualities. We characterize equilibrium prices, and the effects of qualities on the rival’s equilibrium price in the general model. Equilibrium qualities depend on what we call the Spence and price-reaction effects. For any equilibrium, we characterize conditions for quality differentiation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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