Monopolistic Competition and New Products : A Conjectural Equilibrium Approach

In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss the possibility of product failures, the set of equilibria, their stability and some welfare properties

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Year of publication:	2012
Authors:	Bogliacino, Francesco ; Rampa, Giorgio
Publisher:	[S.l.] : SSRN
Subject:	Entscheidung unter Unsicherheit \| Decision under uncertainty \| Theorie \| Theory \| Monopolistischer Wettbewerb \| Monopolistic competition \| Gleichgewichtsmodell \| Equilibrium model

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Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 8, 2009 erstellt
Other identifiers:	10.2139/ssrn.1333063 [DOI]
Classification:	L15 - Information and Product Quality; Standardization and Compatibility ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014211009