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Additive Manufacturing (AM) enables mass customization and has thereby the potential to revolutionize traditional manufacturing. In this paper, we examine how the adoption of AM affects competition and welfare in traditionally standardized product markets. Analyzing a game-theoretical model of...
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demand curves: the demand for the print medium and the demand for advertising space. Publicly available data on German women … coincide well with those of industry sources, magazines with a high circulation elasticity of advertising demand price markedly … below marginal cost and website provision neither has a significant effect on magazine nor on advertising demand. Keywords …
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Production functions provide a mapping from the firms' input quantity and productivity to output quantity. This mapping only generates unbiased estimates if input and output quality variation within and between observation units is accounted for. I review and classify state-of-the-art methods to...
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