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This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … more aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The … reverse patterns holds for an aggressive entry strategy. The incentives to innovate display a similar dinstinction. A firm …
Persistent link: https://www.econbiz.de/10012236072
This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The reverse pattern … holds for an aggressive entry strategy The incentives to innovate display a similar distinction. A firm with a currently …
Persistent link: https://www.econbiz.de/10005762849
This paper analyzes the entry of new products into vertically differentiated markets where an entrant and an incumbent … average payoff criterion. The qualitative features of the optimal entry strategy are shown to depend exclusively on the …
Persistent link: https://www.econbiz.de/10005762809
We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially...
Persistent link: https://www.econbiz.de/10014070716
We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially...
Persistent link: https://www.econbiz.de/10004990828
In diesem Diskussionspapier werden die Ergebnisse einer im Mai/Juni 2007 durchgeführten Unternehmensbefragung im Raum Niedersachsen vorgestellt in Bezug auf die Fragestellung, ob sich Unternehmen, die Innovationsförderung erhalten, von nicht geförderten Unternehmen in Bezug auf generelle...
Persistent link: https://www.econbiz.de/10010266853
This study develops a general equilibrium model within which self revelation of ability - that is not accompanied by any signaling - is compatible with arrival at rational expectations equilibriums (REE). In the model, economic agents either are 'confident', 'overconfident', or 'under-confident'...
Persistent link: https://www.econbiz.de/10012833312
model innovation as an ambiguous process, and assume that the commercial firms and research labs differ in their attitude …. Finally, I discuss the policy implications, examining how the Patent Law affects innovation conducted in these research …
Persistent link: https://www.econbiz.de/10012852675
The rise of the network as a form of economic organization renders problematic our standard understanding of how capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises: how do contracts, presumed to be susceptible to...
Persistent link: https://www.econbiz.de/10012721209