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The Economics of Vertically Differentiated Markets (Hardcover, illustrated edition)
Loot Price: R2,864
Discovery Miles 28 640
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The Economics of Vertically Differentiated Markets (Hardcover, illustrated edition)
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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.
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