Exploring Stackelberg profit ordering under asymmetric product differentiation

被引：0
|
作者：
Banerjee, Dyuti S. [1 ]
Chatterjee, Ishita [2 ]
机构：
[1] Monash Univ, Dept Econ, Clayton, Vic 3800, Australia
[2] Univ Western Australia, Dept Econ, Nedlands, WA 6009, Australia
来源：
ECONOMIC MODELLING | 2014年 / 36卷
关键词：
Asymmetric product differentiation; Complements; Profit ordering; Substitutes; QUANTITY COMPETITION; COURNOT EQUILIBRIA; PRICE LEADERSHIP; MARKET; BERTRAND; DUOPOLY; GAMES; COMPLEMENTARITIES; OLIGOPOLIES; DEMAND;
D O I：
10.1016/j.econmod.2013.09.056
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The literature on differentiated products only considers symmetric cross-price effects and shows that the profit ordering of firms in a sequential set-up is uni-directional. This paper shows that uni-directional profit ordering breaks down under asymmetric product differentiation. Above a unique cross-price effect level the follower's profit exceeds that of the leader. The reverse is true below this level. This result holds for both substitutes and complements. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：309 / 315
页数：7
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