The Economics of Vertically Differentiated Markets

The Economics of Vertically Differentiated Markets

Author: Luca Lambertini

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 240

ISBN-13: 9781781958315

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'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.


The Economic Theory of Product Differentiation

The Economic Theory of Product Differentiation

Author: John Beath

Publisher: Cambridge University Press

Published: 1991-02-22

Total Pages: 220

ISBN-13: 9780521335522

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There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.


Differentiation and Articulation in Tertiary Education Systems

Differentiation and Articulation in Tertiary Education Systems

Author: Njuguna Ng'ethe

Publisher: World Bank Publications

Published: 2008-01-01

Total Pages: 200

ISBN-13: 0821375474

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This title explores an area of tertiary education that is currently understudied; this is the extent and nature of differentiation and articulation in African tertiary education systems. The overall finding is that the binary system is dominant, characterised by universities and polytechnics as distinct types of institutions. Differentiation is clearly evident in Africa. However, though varied in nature and extent, the differentiation is mostly horizontal as opposed to vertical. Articulation, on the other hand, seems to be in its infancy as some universities, in their admission requirements, d.


Strategic Interaction and Markets

Strategic Interaction and Markets

Author: Jean J. Gabszewicz

Publisher: OUP Oxford

Published: 2000-01-06

Total Pages: 108

ISBN-13: 0191518883

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Perfect competition provides the model of a frictionless economy, in which price-setting economic agents behave independently of each other, abandoning to the market the coordination of their individual decisions. The implications of this model are extensively presented in the traditional price theory textbooks. Imperfect competition is the paradigm that develops as soon as economic agents interact in a conscious manner, which is the rule when competition takes place amongst a restricted number of agents. In this system, agents act strategically, taking into account the impact of their decisions on competitors' behaviour and on the price mechanism. Such situations commonly arise when firms differentiate their products, erect strategic entry barriers, or exploit the imperfect information of their customers about the price or characteristics of their product. This book explores the theoretical richness of these economic contexts, using some basic tools of game theory. Designed as an ancillary text for graduate students, it not only summarizes the historic contributions made by economic theorists such as Cournot and Edgeworth, but also makes accessible many of the most recent developments in the same field.


Industrial Organization

Industrial Organization

Author: Paul Belleflamme

Publisher: Cambridge University Press

Published: 2010-01-07

Total Pages: 725

ISBN-13: 1139485245

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Industrial Organization: Markets and Strategies provides an up-to-date account of modern industrial organization that blends theory with real-world applications. Written in a clear and accessible style, it acquaints the reader with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. It covers a wide range of topics including recent developments on product bundling, branding strategies, restrictions in vertical supply relationships, intellectual property protection, and two-sided markets, to name just a few. Models are presented in detail and the main results are summarized as lessons. Formal theory is complemented throughout by real-world cases that show students how it applies to actual organizational settings. The book is accompanied by a website containing a number of additional resources for lecturers and students, including exercises, answers to review questions, case material and slides.


The Economics of Product Differentiation

The Economics of Product Differentiation

Author: Jacques-François Thisse

Publisher: Edward Elgar Publishing

Published: 1994

Total Pages: 368

ISBN-13:

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This two-volume set provides 38 articles, the main contributions to product differentiation theory, from early works to recent advances. A taxonomy based on modern economic theory puts the papers into a new perspective. The resulting collection gives the reader the fundamental results in the field. Contributors include: B.C. Eaton, H. Hotelling, N. Kaldor, M. Mussa, S.C. Salop, A. Shaked, G.K. Yarrow.


Trade Theories and Empirical Evidence

Trade Theories and Empirical Evidence

Author: Nicholas Perdikis

Publisher: Manchester University Press

Published: 1998

Total Pages: 264

ISBN-13: 9780719054099

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Economists from Canada and Wales chronicle the theories of international trade that have arisen over the past few decades, document the empirical evidence that has been used to support or contest them, and explore the interplay between the two activities. They do not judge the empirical methods by today's ephemeral standards, but note that they were published in the most prestigious professional journals of their time. Their primary audience are practitioners, graduates, senior undergraduates in economics. Distributed in the US by St. Martin's Press. Annotation copyrighted by Book News, Inc., Portland, OR


The Oxford Handbook of the Economics of Food Consumption and Policy

The Oxford Handbook of the Economics of Food Consumption and Policy

Author: Jayson L. Lusk

Publisher: Oxford University Press

Published: 2011-09-08

Total Pages: 928

ISBN-13: 0191617709

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Historically, the challenge for humans has been to secure a sufficient supply of food to stave off hunger and starvation. As a result, much of the research on food and agriculture in the past century has focused on issues related to production efficiency, food supply, and farm profitability. In recent years, however, farmers, agribusiness, policy makers, and academics have increasingly turned their attention away from the farm and toward the food consumer and to issues related to food consumption. This handbook provides an overview of the economics of food consumption and policy and is a useful reference for academics and graduate students interested in food economics and the consumer-end of the supply chain. It is also relevant to those employed in food and agricultural industries, policy makers, and activist groups. The first section covers the application of the core theoretical and methodological approaches of the economics of food consumption and policy. The second part concentrates on policy issues related to food consumption. Several chapters focus on the theoretical and conceptual issues relevant in food markets, such as product bans, labeling, food standards, political economy, and scientific uncertainty. Additional chapters discuss policy issues of particular interest to the consumer-end of the food supply chain, such as food safety, nutrition, food security, and development. The final section serves as an introduction to particular issues and current topics in food consumption and policy.


Discrete Choice Theory of Product Differentiation

Discrete Choice Theory of Product Differentiation

Author: Simon P. Anderson

Publisher: MIT Press

Published: 1992

Total Pages: 454

ISBN-13: 9780262011280

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"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.