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Fehr, Ernst; Wu, Keyu - 2023

In many markets, firms make their products complex through add-on features, thus making them difficult to evaluate and compare. Does this product obfuscation lure buyers into buying overpriced products, and if so, why does competition not eliminate this practice? More generally, under which...

Persistent link: https://www.econbiz.de/10013556511

Obfuscation in competitive markets

Fehr, Ernst; Wu, Keyu - 2021

In many markets, firms make their products complex through add-ons, thus making them difficult to evaluate and compare. How does this product obfuscation affect competition, sellers' profits, and buyers' welfare? We study these questions in a competitive experimental market in which sellers have...

Persistent link: https://www.econbiz.de/10012588490

Product Differentiation and the Sustainability of Collusion

Häckner, Jonas - 1992

Persistent link: https://www.econbiz.de/10010335148

International Coordination of Quality Standards and Vertical Product Differentiation

Lutz, Stefan - 2003

I study the influence of minimum quality standards in a partial-equilibrium model of vertical product differentiation and trade in which duopolistic firms face quality-dependent costs and compete in quality and price in two segmented markets. Three alternative standard setting arrangements are...

Persistent link: https://www.econbiz.de/10010297292

Mutual Recognition of National Minimum Quality Standards may Support International Convergence

Lutz, Stefan - 2003

In a model of vertical product differentiation, duopolistic firms face qualitydependent costs and compete in quality and price in two segmented markets. Minimum quality standards, set according to the principle of Mutual Recognition, can be used to increase welfare. The results of the one-shot...

Persistent link: https://www.econbiz.de/10010298134

Electronic coordination in oligopolistic markets: Impact on transport costs and product differentiation

Bandulet, Martin; Morasch, Karl - 2002

Produktdifferenzierung eigentlich erhöhen. Wir analysieren die Interaktion der Investitionsentscheidungen in transportkostensenkende … elektronische Koordination und in verstärkte Produktdifferenzierung in einem Duopol mit räumlich getrennten Märkten. Wir zeigen … Parameterbereiche existieren in denen die Unternehmen nach einer exogenen Senkung der Transportkosten die Produktdifferenzierung …

Persistent link: https://www.econbiz.de/10010300398

Intermediation by heterogeneous oligopolists

Morasch, Karl - 2010

In his book on 'Market Microstructure' Spulber presented some strange results with respect to the impact of the substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and the input market should be similar: if firms...

Persistent link: https://www.econbiz.de/10010304487

Bertrand and price-taking equilibria in markets with product differentiation

Coloma, Germán - 2008

In this paper we show that a homogeneous-product market with multiple Bertrand equilibria becomes a market with a single Bertrand equilibrium when we introduce a small degree of product differentiation. When differentiation tends to zero, that Bertrand equilibrium converges to the unique...

Persistent link: https://www.econbiz.de/10010323325

Tainted Food, Low-Quality Products and Trade

Viaene, Jean-Marie; Zhao, Laixun - 2010

This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high-quality goods by foreign exporters.However, free trade...

Persistent link: https://www.econbiz.de/10010325688

Capacity Choice under Uncertainty with Product Differentiation

Behrens, Christiaan; Lijesen, Mark - 2012

This article analyses the capacity-then-price game for a duopoly market. We add to the literature by explicitly taking product differentiation into account. We study the impact of capacity costs, demand uncertainty, and vertical and horizontal product differentiation on equilibrium capacities,...

Persistent link: https://www.econbiz.de/10010326472

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