Por favor, use este identificador para citar o enlazar a este item:
http://hdl.handle.net/10261/201964
COMPARTIR / EXPORTAR:
SHARE CORE BASE | |
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL | DATACITE | |
Título: | The dynamic provision of product diversity under duopoly |
Autor: | Caminal, Ramón CSIC ORCID | Palabras clave: | Temporary satiation Product diversity Dynamic duopoly Repeat purchases Endogenous timing |
Fecha de publicación: | jul-2019 | Editor: | Elsevier BV | Citación: | International Journal of Industrial Organization 65: 248-276 (2019) | Resumen: | This paper builds a dynamic duopoly model to examine the provision of new varieties over time. Consumers experience temporary satiation, and hence higher consumption of the current variety lowers demand for future varieties. The equilibrium can be characterized by a combination of monopolistic pricing and nearly zero profits (competitive timing). In particular, if the cost of producing a new variety is not too low then firms tend to avoid head-to-head competition and set the short-run profit maximizing price. However, firms tend to introduce new varieties as soon as demand has grown sufficiently to cover costs. From a second best perspective, the equilibrium may exhibit excessive product diversity. However, if firms coordinate their frequency of new product introductions, then consumers are likely to be harmed. It is also shown that equilibrium prices are moderated by two factors. First, consumers’ option value of waiting reduces their willingness to pay. Second, competition reduces firms’ incentives to engage in intertemporal price discrimination. | Versión del editor: | http://dx.doi.org/10.1016/j.ijindorg.2019.05.001 | URI: | http://hdl.handle.net/10261/201964 | DOI: | 10.1016/j.ijindorg.2019.05.001 | Identificadores: | doi: 10.1016/j.ijindorg.2019.05.001 issn: 0167-7187 |
Aparece en las colecciones: | (IAE) Artículos |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
---|---|---|---|---|
R. Caminal I.J.Ind.Org..pdf | 295,04 kB | Adobe PDF | Visualizar/Abrir |
CORE Recommender
SCOPUSTM
Citations
2
checked on 17-abr-2024
WEB OF SCIENCETM
Citations
2
checked on 25-feb-2024
Page view(s)
205
checked on 24-abr-2024
Download(s)
111
checked on 24-abr-2024
Google ScholarTM
Check
Altmetric
Altmetric
NOTA: Los ítems de Digital.CSIC están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.