Consumer obfuscation by a multiproduct firm

نویسندگان

چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

On the Effects of Consumer Search and Firm Entry in a Multiproduct Competitive Market

If searching for a better price becomes easier for consumers, conventional wisdom suggests that pricing pressure will increase on firms, thereby lowering prices, reducing firm profits and narrowing assortments. There is indeed evidence that recent search facilitating technologies, such as the Internet, have in some markets reduced prices. But there is also evidence that firms have been able to ...

متن کامل

Multiproduct-Firm Oligopoly: An Aggregative Games Approach∗

We develop an aggregative games approach to study oligopolistic price competition with multiproduct firms. We introduce a new class of IIA demand systems, derived from discrete/continuous choice, and nesting CES and logit demands. The associated pricing game with multiproduct firms is aggregative and a firm’s optimal price vector can be summarized by a uni-dimensional sufficient statistic, the ...

متن کامل

Skill, Luck, and the Multiproduct Firm: Evidence from Hedge Funds

We propose that higher skilled firms diversify in equilibrium even though managers exploit idiosyncratic performance shocks to time diversification moves. We formalize this intuition in a mistakefree equilibrium and test our predictions using a large panel dataset on the hedge fund industry 19772006. The results show that returns fall following new fund launches, but are 13 basis points per mon...

متن کامل

Firm Size and Diversification: Multiproduct Firms in Asymmetric Oligopoly∗

This paper presents an oligopoly model of multiproduct firms in which firms are endowed with possibly different marginal cost and product quality, and choose product ranges before product market competition. Consistent with empirical evidence on a positive relationship between firm size and product diversification, the analysis suggests that firms with higher quality-cost margins typically have...

متن کامل

Multiproduct Bertrand Oligopoly with Exogenous and Endogenous Consumer Heterogeneity∗

We develop a spatial model in which consumers receive firm-specific location shocks and firms endogenously determine both franchise/product locations and prices. Remarkably, firms fail to profit from endogenous product-specific heterogeneity alone: while ex-post consumer heterogeneity ensures positive gross profits, competition for market share results in socially-excessive product lines and ze...

متن کامل

ذخیره 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: The RAND Journal of Economics

سال: 2018

ISSN: 0741-6261

DOI: 10.1111/1756-2171.12225