Price and Quality in Spatial Competition - 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 Price and Quality in Spatial Competition write by Kurt Richard Brekke. This book was released on 2009. Price and Quality in Spatial Competition available in PDF, EPUB and Kindle.
Spatial Competition in Quality
Spatial Competition in Quality - 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 Spatial Competition in Quality write by Raphael Auer. This book was released on 2014. Spatial Competition in Quality available in PDF, EPUB and Kindle. We develop a model of vertical innovation in which firms incur a market entry cost and position themselves in the quality space. Once established, firms compete monopolistically, selling to consumers with heterogeneous tastes for quality. We establish existence and uniqueness of the pricing game in such vertically differentiated markets with a potentially large number of active firms. Turning to firms' entry decisions, exogenously growing productivities induce firms to enter the market sequentially at the top end of the quality spectrum. We spell out the conditions under which the entry problem is replicated over time so that each new entrant improves incumbent qualities in fixed proportions. Sequential market entry overcomes the asymmetry of the location problem, which unavoidably arises in the quality spectrum because of its top and bottom ends. Our main technical contribution lies in handling this asymmetry, a feature absent in Salop (1979) and other circular representations of Hotelling (1929) and Lancaster (1966).
Competition in Both Quantity and Quality
Competition in Both Quantity and Quality - 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 Competition in Both Quantity and Quality write by Yves Smeers. This book was released on 1997. Competition in Both Quantity and Quality available in PDF, EPUB and Kindle.
Spatial Competition in a Differentiated Market with Asymmetric Costs
Spatial Competition in a Differentiated Market with Asymmetric Costs - 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 Spatial Competition in a Differentiated Market with Asymmetric Costs write by Tarek H. Selim. This book was released on 2020. Spatial Competition in a Differentiated Market with Asymmetric Costs available in PDF, EPUB and Kindle. Spatial quality choice is introduced, where consumers are horizontally differentiated by taste and firms vertically differentiated by quality location, within an equilibrium model of duopoly competition characterized by asymmetric fixed and variable costs. Firms choose quality location followed by prices but then may vertically re-locate their quality offerings based on changing horizontal consumer taste. A monopolistic equilibrium solution arises with firms achieving positive economic profits through price-quality markups exceeding marginal costs. Under strict inequality conditions, each firm acts as a monopolistic competitor within a range of quality choices governed by multiple relative differentiation outcomes. On the other hand, vertical re-location exhibits a resistance to change on the part of vertically located firms such that firms dislike quality re-location and prefer stable preferences in quality. Such resistance to change is overcome by firms re-locating their quality offerings to maximize monopolistic brand-space gains. It is argued that more horizontal differentiation may force more product differentiation by vertical quality relocation. A relative change in quality preferences may result in wider quality spreads in the market through vertical quality re-locations, even though the resistance to change arguments may still hold good.
Spatial Economics Volume I
Spatial Economics Volume I - 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 Spatial Economics Volume I write by Stefano Colombo. This book was released on 2020-09-23. Spatial Economics Volume I available in PDF, EPUB and Kindle. Space is a crucial variable in any economic activity. Spatial Economics is the branch of economics that explicitly aims to incorporate the space dimension in the analysis of economic phenomena. From its beginning in the last century, Spatial Economics has contributed to the understanding of the economy by developing plenty of theoretical models as well as econometric techniques having the “space” as a core dimension of the analysis. This edited volume addresses the complex issue of Spatial Economics from a theoretical point of view. This volume is part of a more complex project including another edited volume (Spatial Economics Volume II: Applications) collecting original papers which address Spatial Economics from an applied perspective.
