This paper analyzes how manufacturers should coordinate distribution channels when retailers compete in price as well as important nonprice factors such as the provision of product information, free repair, faster check-out, or after-sales service. Differentiation among retailers in price and nonprice service factors is a central feature of markets ranging from automobiles and appliances to gas...

Examining two different changes in retail format, we show that consumers alter their purchase behavior when the retail context changes. In both settings, the change in purchasing behavior is consistent with the effect being driven by an interpersonal interaction between the consumer and the retail clerk. We therefore model the change in format as a “social friction” in which consumers may not p...

ess as: A ciety (20 and host s.2014.0 Abstract This paper analyzes the dynamics of a Cournot duopoly model with different strategies. We offer results on existence, stability and local bifurcations of the equilibrium points. The bifurcation diagrams and Lyapunov exponents of the model are presented to show that the model behaves chaotically with the variation in the parameters. The state variab...

The retail industry plays an important role in the economic development of the world. The Collaborative Planning, Forecasting and Replenishment (CPFR) solution can coordinate the business process between the retailers and manufacturers in the retail supply chain and got its applications in many world-renowned retailers around the world. In this paper, CPFR coordination process and its applicati...

This paper highlights the importance of product differentiation and endogenous r&d in determining the optimal r&d policy, in a model where investment in cost reducing r&d is committed before firms compete in a differentiated-goods third-country export market. R&D is always taxed in oligopolies for high degrees of product differentiation. For lower degrees of product differentiation the duopoly ...

In the paper the impact of R&D cooperation on prices in experimental duopoly markets is examined. As a theoretical benchmark for the experiment, a two-stage duopoly model with an R&D stage with technological spillovers and a pricing stage is used. For two scenarios of technological spillovers (no versus complete spillovers), a treatment where it is possible to credibly commit to an R&D contract...

The aim of this research is to evaluate future retail developments in a medium-sized town and the indirect effects of individual behaviour on the local economy. Therefore we combine a spatial microsimulation model with a conditional logit model estimating the spatial shopping behaviour of households to simulate the effect of future retail developments. Then, we estimate the macro effects of the...

For duopoly models, we analyse the concept of coarse correlated equilibrium using simple symmetric devices that the players choose to commit to in equilibrium. In a linear duopoly game, we prove that Nash-centric devices, involving a sunspot structure, are simple symmetric coarse correlated equilibria. Any small unilateral perturbation from such a structure fails to be an equilibrium.