Competition between Multiproduct Firms with Heterogeneous
نویسندگان
چکیده
منابع مشابه
Spatial Competition with Heterogeneous Firms
I model endogenous horizontal and vertical product differentiation with arbitrarily many heterogeneous firms. Firms are asymmetric in that they differ in their marginal costs. I prove that under an equilibrium refinement, all economically relevant firm outcomes are uniquely determined across all strict subgame perfect Nash equilibria. There are two central results. First, a firm’s price, market...
متن کاملMultiproduct Firms, Information, and Loyalty * Multiproduct Firms, Information, and Loyalty
This study provides evidence that the portfolio of products offered by a multiproduct firm affects consumer purchase decisions with respect to each of its products. We present a theory that explains this empirical regularity. The theory involves revising the information set of consumers to include the profile of multiproduct firms. We show that revising the information set in this way introduce...
متن کاملSimultaneous Search with Heterogeneous Firms and Ex Post Competition
We study a search model where workers can send multiple applications to high and low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that there is a unique equilibrium where workers mix between sending both applications to the high and both to the low productivity sector. Efficiency requires however that they apply to b...
متن کاملMarket Competition and Managerial Incentives with Heterogeneous Firms
We incorporate managerial e¤orts inside rms in a standard monopolistic competition model a la Krugman(1980) with heterogenous rms. The manager works to increase probability of productivity improvement for the rm. Due to unobservable managerial e¤ort and limited liability, the optimal managerial compensation scheme links the market performance of the rm to managerial incentives. Managers in ...
متن کاملSignaling advertising by multiproduct firms
We consider the use of advertising expenses as quality signals in multiproduct firms, extending previous results on single product firms. In our model a firm introduces sequentially two products whose qualities are positively correlated. We investigate whether there exist information spillovers from the first to the second market. We show that, when correlation is high, the equilibrium in marke...
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: Advances in Social Sciences Research Journal
سال: 2015
ISSN: 2055-0286
DOI: 10.14738/assrj.27.1215