Product proliferation and first mover advantage in a multiproduct duopoly
Product proliferation and first mover advantage in a multiproduct duopoly
复制标题
多产品双头垄断中的产品扩散和先发优势
DOI:
10.1111/ijet.12242
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发表时间:
2020
影响因子:
0.5
通讯作者:
Cheng Y.-L. and T. Tabuchi
中科院分区:
文献类型:
--
作者:
Nakagawa;M.;and S. Sugasawa;Cheng Y.-L. and T. Tabuchi
This study aims to show that the product proliferation strategy in multi‐product duopoly is first‐mover advantage. We consider simultaneous and Stackelberg variety competitions. A firm producing more varieties charges a higher price, produces larger total quantities, and earns higher total revenue. When firms sequentially choose the masses of varieties and then simultaneously decide prices, the leader produces more varieties and enjoys first‐mover advantage. The masses of varieties can be regarded as strategic substitutes in the same way that quantities are. Finally, the market is likely to provide too few varieties relative to the social optimum.