Showing 1 - 10 of 18,619
model this limited attention to quality differences with a perception threshold: Consumers only perceive quality differences … between goods that exceed the consumers' perception threshold. The model allows for two types of equilibria: equilibria with …
Persistent link: https://www.econbiz.de/10013370791
In the text-book model of dynamic Bertrand competition, competing firms meet the same demand function every period …
Persistent link: https://www.econbiz.de/10010281317
strategies (most likely with digital products) and quantity competition (capacity decisions for physical products). Based on … 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 …
Persistent link: https://www.econbiz.de/10010300398
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
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
In a duopoly industry with environmentally differentiated products, we examine the effects of introducing a mandatory environmental quality standard on firms' environmental quality choices, profits, and the average environmental quality offered by the industry. We show that at low standard...
Persistent link: https://www.econbiz.de/10010333078
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10010427530
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10010316856
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
We analyze Bertrand duopoly competition in markets with network effects and consumer switching costs. Depending on the …, and cost asymmetries. Finally, in a dynamic extension of our model, we show how competition depends on agents' discount …
Persistent link: https://www.econbiz.de/10010305915