Quality Differentiation, Welfare, and the Mode of Competition in a Vertically Differentiated Product Market: A Note

被引：0
|
作者：
Tsuyoshi Toshimitsu
Naoto Jinji
机构：
[1] Kwansei Gakuin University,
[2] Okayama University,undefined
来源：
The Japanese Economic Review | 2007年 / 58卷
关键词：
L13; L15; D43;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
We analyse the implications of quality differences in a vertically differentiated product market for social welfare by employing an endogenous quality choice model. We find that in of Bertrand and Cournot duopolies, the degree of quality differentiation at equilibrium in an unregulated market is larger or smaller, respectively, than that of the socially second-best optimum. This implies that a reduction in quality difference, respectively, increases or decreases social welfare in the case of Bertrand or Cournot duopolies.
引用
收藏
页码：407 / 416
页数：9
相关论文
共 50 条
  • [21] EXTERNALITY, PRODUCT DIFFERENTIATION AND SOCIAL WELFARE IN THE EDUCATION MARKET
    Chen, Junlong
    Xie, Xinran
    Liu, Jiali
    Liu, Rui
    [J]. TRANSFORMATIONS IN BUSINESS & ECONOMICS, 2020, 19 (3C): : 522 - 541
  • [22] Impacts of trade-in program on duopoly competition with product quality differentiation and secondhand market
    Jia, Dongfeng
    Li, Sijie
    [J]. Journal of Southeast University (English Edition), 2019, 35 (04): : 516 - 521
  • [23] Competition and Product Differentiation in the Mexican Credit Card Market
    Estrada Gonzalez, Ernesto
    [J]. TRIMESTRE ECONOMICO, 2016, 83 (332): : 573 - 634
  • [24] MARKET ENTRY, PRODUCT QUALITY AND PRICE COMPETITION
    Mathur, Sameer
    Dewani, Prem Prakash
    [J]. STUDIES IN BUSINESS AND ECONOMICS, 2015, 10 (02) : 62 - 82
  • [25] The impact of product market competition on earnings quality
    Cheng, Peter
    Man, Paul
    Yi, Cheong H.
    [J]. ACCOUNTING AND FINANCE, 2013, 53 (01): : 137 - 162
  • [26] Managerial risk-taking incentives, product market competition and welfare
    Dasgupta, S
    Shin, J
    [J]. EUROPEAN ECONOMIC REVIEW, 2004, 48 (02) : 391 - 401
  • [27] Product differentiation and oligopolistic competition: A study of the French automobile market
    Cecchini, L
    [J]. REVUE ECONOMIQUE, 2000, 51 (01): : 103 - 118
  • [28] Product Market Competition, Board Structure, and Disclosure Quality
    Teng, Minghui
    Li, Changqing
    [J]. FRONTIERS OF BUSINESS RESEARCH IN CHINA, 2011, 5 (02) : 291 - 316
  • [29] Market competition, social welfare in an entry-constrained differentiated-good oligopoly
    Koh, Winston T. H.
    [J]. ECONOMICS LETTERS, 2008, 100 (02) : 229 - 233
  • [30] Debt, investment, and product market competition: A note on the limited liability effect
    Clayton, Matthew J.
    [J]. JOURNAL OF BANKING & FINANCE, 2009, 33 (04) : 694 - 700
12345