Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. This paper studies such consumers' portfolio considerations by developing a...

Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. To study such consumers' portfolio considerations, this paper develops and...

Weltweit gilt die Produktion von Kraftfahrzeugen als Schlüsselindustrie. Der Erfolg der Automobilhersteller wird wesentlich von ihren Absatzmöglichkeiten bestimmt. Galten bis vor Kurzem noch die Länder der Triade als Hauptabsatzmärkte, so gewinnen mit deren zunehmender Sättigung die...

We construct measures of industry performance and welfare in the U.S. car and light truck market from 1980-2018. We estimate a differentiated products demand model for this market using product level data on market shares, prices, and product characteristics, and consumer level data on...

This paper examines complementarity among vertical integration decisions in automobile product development. Though most research assumes that contracting choices are independent of each other, contracting complementarity arises when the returns to a single vertical integration decision are...