Entry and Innovation in Vertically Differentiated Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Entry and Innovation in Vertically Differentiated Markets write by Dirk Bergemann. This book was released on 1999. Entry and Innovation in Vertically Differentiated Markets available in PDF, EPUB and Kindle.
Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets
Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets write by Yannis Katsoulacos. This book was released on 1984. Preemptive Innovation and the Persistence of Dominant Firms in Vertically Differentiated Markets available in PDF, EPUB and Kindle.
Entry and Vertical Differentiation
Entry and Vertical Differentiation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Entry and Vertical Differentiation write by Dirk Bergemann. This book was released on 2015. Entry and Vertical Differentiation available in PDF, EPUB and Kindle. This paper analyzes the entry of new products into vertically differentiated markets where an entrant and an incumbent compete in quantities. The value of the new product is initially uncertain and new information is generated through purchases in the market. We derive the (unique) Markov perfect equilibrium of the infinite horizon game under the strong long run average payoff criterion. The qualitative features of the optimal entry strategy are shown to depend exclusively on the relative ranking of established and new products based on current beliefs. Superior products are launched relatively slowly and at high initial prices whereas substitutes for existing products are launched aggressively at low initial prices. The robustness of these results with respect to different model specifications is discussed.
The Economics of Vertically Differentiated Markets
The Economics of Vertically Differentiated Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economics of Vertically Differentiated Markets write by Luca Lambertini. This book was released on 2006-01-01. The Economics of Vertically Differentiated Markets available in PDF, EPUB and Kindle. 'This is a high-quality book on an important and central topic in the theory of industrial organisation. It is a cohesive and extremely well written volume which is destined to become a standard work on the subject.' - Mark Casson, University of Reading, UK This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has evolved. With contributions from prominent figures in the field, the book investigates a number of important topics, such as the choice of the optimal product range, profit sharing, the existence of equilibrium in duopoly games, positional effects attached to status goods, international trade, collusion, advertising and the dynamics of capital accumulation for quality improvement and product innovation. Using both static and dynamic approaches, these aspects are assessed in relation to the manifold issues of regulation, competition policy and trade policy. Product differentiation and its influence on consumer behaviour and the performance of firms is a core topic in the existing literature in the fields of industrial organization, international trade and economic growth. This book will be an essential read for researchers, students and professional scholars working in these areas, especially those with an interest in antitrust regulation.
Product Innovation Under Vertical Differentiation and the Persistence of Monopoly
Product Innovation Under Vertical Differentiation and the Persistence of Monopoly - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Product Innovation Under Vertical Differentiation and the Persistence of Monopoly write by . This book was released on 1995. Product Innovation Under Vertical Differentiation and the Persistence of Monopoly available in PDF, EPUB and Kindle. The incentives to innovate for the incumbent and the entrant in a vertically differentiated market are analised, in the absence of uncertainty. It turns out that if consumers marginal willingness to pay for quality is sufficiently low, the efficiency effect observationally works so as to favour innovation by the entrant, i.e., competition. Otherwise, it operates to the advantage of the incumbent who acquire the right to innovate, preempting thus the rival.
