Spatial Monopoly with Product Differentiation.
Most theoretical work on the behavior of spatial monopoly focuses on the single-product case, while, in reality, a firm usually produces (or sells) many differentiated products. In this paper, I introduce a new model of spatial monopoly with a multiple-product firm where the firm chooses both the me...
| Publicado en: | Southern Economic Journal Vol. 70; no. 3; pp. 646 - 661 |
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| Formato: | Artículo |
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Southern Economic Association
January 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510326244&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510326244 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: January 2004 vid: 70 iid: 3 pid: 1482 pub: Southern Economic Association artinfo: ui: 510326244 10.2307/4135336 ppf: 646 ppct: 15 formats: fmt: @attributes: type: T tig: atl: Spatial Monopoly with Product Differentiation. aug: au: Peng, Shin-kun su: Economic geography Mathematical models of economics Monopolies Mathematical models of marketing Product differentiation sug: subj: Economic geography Mathematical models of economics Monopolies Mathematical models of marketing Product differentiation ab: Most theoretical work on the behavior of spatial monopoly focuses on the single-product case, while, in reality, a firm usually produces (or sells) many differentiated products. In this paper, I introduce a new model of spatial monopoly with a multiple-product firm where the firm chooses both the measure of product varieties and the price of each variety to maximize its profit. I also examine the monopolist's optimal decision and its economic effects on the spatial economy with a fixed and variable market fringe, respectively. For a class of preferences to product differentiation, I find that both the quantities produced and the consumer surpluses vary across three different spatial pricing policies. This finding is in contrast to the literature on a single-product spatial monopoly where those results are invariant across different pricing policies. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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