On price stability and the nature of product differentiation
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Evolutionary Economics"
DOI: 10.1007/s00191-018-0584-2
Abstract: In a spatial competition model, we analyze the stability of the Nash-price equilibrium under horizontal and vertical product differentiation, considering both homogenous and heterogeneous expectations. Regardless of the nature of product differentiation, assuming that firms… read more here.
Keywords: price; stability; nature product; product differentiation ... See more keywords
Product differentiation and equilibrium price with partial product search
Sign Up to like & getrecommendations! Published in 2021 at "Economics Letters"
DOI: 10.1016/j.econlet.2021.109932
Abstract: Abstract Anderson and Renault (1999) show a U-shaped relationship between firms’ equilibrium prices and product differentiation. Through a simultaneous search model with partial depth, we show that such a U-shaped relationship emerges (vanishes) when search… read more here.
Keywords: product differentiation; equilibrium price; product; differentiation equilibrium ... See more keywords
Vertical integration and product differentiation
Sign Up to like & getrecommendations! Published in 2017 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2017.07.004
Abstract: We study a new channel of downstream rent extraction through vertical integration: competition for integration. Innovative downstream firms create value and profit opportunities through product differentiation, which however affects an upstream monopolist’s incentive to vertically… read more here.
Keywords: integration; downstream firms; differentiation; product differentiation ... See more keywords
Product differentiation with multiple qualities
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2018.10.002
Abstract: We study subgame-perfect equilibria of the classical quality-price, multistage game of vertical product differentiation. Each firm can choose the levels of an arbitrary number of qualities. Consumers’ valuations are drawn from independent and general distributions.… read more here.
Keywords: differentiation multiple; product differentiation; differentiation; multiple qualities ... See more keywords
Recommendations in credence goods markets with horizontal product differentiation
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.12.018
Abstract: Abstract I experimentally analyze whether the introduction of watchdogs and the revelation of sellers’ investment decisions can improve the market outcome in credence goods markets with horizontal product differentiation. Sellers can always give advice, yet… read more here.
Keywords: horizontal product; product differentiation; goods markets; markets horizontal ... See more keywords
Strategic groups and product differentiation: Evidence from the Spanish airline market deregulation
Sign Up to like & getrecommendations! Published in 2021 at "Research in Transportation Economics"
DOI: 10.1016/j.retrec.2021.101030
Abstract: Abstract: We examine the rivalry of strategic groups of formerly regulated carriers and low-cost entrants. Profit effects stemming from strategic interactions at the group level and resulting in product differentiation are considered. A conjectural variations… read more here.
Keywords: product differentiation; strategic groups; evidence; market ... See more keywords
Product differentiation and network optimality
Sign Up to like & getrecommendations! Published in 2021 at "Transport Policy"
DOI: 10.1016/j.tranpol.2021.05.029
Abstract: Abstract This paper studies airline network optimality. We modify existing models (Brueckner and Spiller (1991) and Zhang (1996)) to explain airline network optimality, using heterogeneity and different market sizes. Dropping small destinations from a hub-spoke… read more here.
Keywords: airline; differentiation network; product differentiation; network optimality ... See more keywords
Transportation price, product differentiation, and R&D in an oligopoly
Sign Up to like & getrecommendations! Published in 2022 at "PLoS ONE"
DOI: 10.1371/journal.pone.0273904
Abstract: In this article, we construct an international oligopoly that explicitly incorporates transporter behavior. In each country, there is one firm that produces differentiated goods and invests in product-differentiating R&D and one transporter that transports the… read more here.
Keywords: transportation price; product differentiation; transportation prices; product ... See more keywords