This paper reviews the Hotelling literature of product differentiation. The purpose of this work is to examine the impact of the market structure on price competitionand equilibrium differentiation. The existence of a general ’principle of differentiation’ is rejected. In contrast,...

We study product innovation and imitation in the market of corporate underwriting with a dynamic model where client switching costs and the bankers’ expertise in deal structuring characterize the life cycle of a security. While the clientele loyalty allows positive rent extraction, the superior...

Eine möglichst vollständige Erfüllung von Kundenanforderungen und eine Differenzierungvon Wettbewerbern sind zwei Faktoren, die produzierende oder dienstleistungsanbietendeUnternehmen beeinflussen (Böhmann und Krcmar 2007,Leimeister und Glauner 2008). Deswegen ändern viele Unternehmen ihre...

We analyze educational institutions’ incentives to set up demanding or lax curricula induopolistic markets for education with endogenous enrolment of students. We assume thatthere is a positive externality of student achievement on the local economy. Comparingthe case of regulated tuition fees...

We compare the advertising intensity and content of programming in a market withcompeting media platforms. With pay-tv, media platforms have two sources of revenues,advertising revenues and revenues from viewers. With free-to-air, media platformsreceive all revenues from advertising. We show...

Component commonality - the use of the same version of a component across multiple products - is being increasingly considered as a promising way to offer high external variety while retaining low internal variety in operations. However, increasing commonality has both positive and negative cost...

Der vorliegende Projektbericht entstand im Rahmen des vom Bundesministerium fürBildung und Forschung (BMBF) geförderten Projekts „Transolve (Transformation vonProduzent und Händler zum Solution-Anbieter)“. Das grundlegende Ziel des VorhabensTRANSOLVE ist die Erarbeitung eines Konzeptes...