منابع مشابه
Media competition: a two-sided duopoly with costly differentiation
We model a duopoly in which media compete in both the consumer and the advertising markets. The advertisers’ payoffs depend on the coverage in the consumer market, hence there are cross-market externalities but no direct transfers are possible. At a (sunk) cost, platforms select the quality they offer consumers, and the prices they charge consumers and advertisers. Under well-defined conditions...
متن کاملNintendo: Horizontal Differentiation in an Oligopoly
Nintendo has been a major player in the technology and gaming industry ever since entering into electronics in 1970. While for years it dominated the market for virtual gaming, a rise in competition within the industry presented serious challenges for the company. After struggling for the first five years of the new millennia, Nintendo made an exceptional comeback with its innovative products, ...
متن کاملHorizontal Product Differentiation in Varian's Model of Sales
We consider the explicit introduction of firms’ choice of location to Varian’s model of sales for a two-stage spatial competition model based on a standard Hotelling’s linear city model. This model is the formalization of Varian’s model of sales in the context of Hotelling’s spatial competition. We obtain three main results. First, we show that there exists a symmetric subgame perfect equilibri...
متن کاملHorizontal Product Differentiation in Auctions and Multilateral Negotiations
Abstract: We experimentally compare first-price auctions and multilateral negotiations after introducing horizontal product differentiation into a standard procurement setting. Both institutions yield identical surplus for the buyer, a difference from prior findings with homogeneous products that results from differentiation’s influence on sellers’ pricing behavior. The data are consistent with...
متن کاملWelfare losses in models of horizontal And vertical differentiation
We study the percentage of welfare losses (PWL) in models of horizontal and vertical differentiation. In the Hotelling model, we show that PWL depends on the underlying parameters in a non-monotonic way. We also show that PWL can be calculated from market data-locations and market size-except when the market is covered and exhibits maximal product differentiation. PWL can be very large-up to 37...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Portuguese Economic Journal
سال: 2010
ISSN: 1617-982X,1617-9838
DOI: 10.1007/s10258-010-0066-4