The economic theory of product differentiation
Author(s)
Bibliographic Information
The economic theory of product differentiation
Cambridge University Press, 1991
- : pbk
Available at 79 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
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  Tochigi
  Gunma
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  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
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  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
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  United Kingdom
  Germany
  Switzerland
  France
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  United States of America
Note
Bibliography: p. 194-199
Includes indexes
Description and Table of Contents
Description
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Table of Contents
- Preface
- 1. Introduction
- 2. Spatial models of imperfect competition
- 3. Symmetric preferences, the Chamberlinian paradigm
- 4. Product diversity and product selection: market equilibria and social optima
- 5. Product quality and market structure
- 6. Vertical product differentiation
- 7. Product differentiation and market imperfection: limit theorems
- 8. Product differentiation and the entry process
- 9. The gains from trade under product differentiation
- Notes
- Bibliography
- Indexes.
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