Product diversity in asymmetric oligopoly: is the quality of consumer goods too low?
Product diversity in asymmetric oligopoly: is the quality of consumer goods too low?
复制标题
非对称寡头垄断下的产品多样性:消费品质量是否太低?
DOI:
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发表时间:
2003
期刊:
影响因子:
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通讯作者:
A. Palma
中科院分区:
文献类型:
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作者:
Simon P. Anderson;A. Palma
We analyse an oligopoly model incorporating horizontal differentiation and quality differences. High quality goods are overpriced and underproduced. When the market is fairly well covered, low quality products may be profitable when their net social contribution is negative, implying excessive entry. In a relatively uncovered market, even low quality goods are underproduced and there may be underentry. When fixed costs are independent of quality, the market tends to select the right firms. Otherwise, the market may produce low quality products when it should produce high quality ones. The model is calibrated using market data for yogurt. Copyright 2001 by Blackwell Publishing Ltd