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Article: Risky quality choice

TitleRisky quality choice
Authors
KeywordsL12
L13
Quality competition
R&D
Vertical product differentiation
Issue Date2001
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijio
Citation
International Journal Of Industrial Organization, 2001, v. 19 n. 1-2, p. 185-212 How to Cite?
AbstractIn vertical product differentiation with a stochastic research technology, firms should target their research at different quality levels for efficiency. In a natural monopoly where the top firm finds it most profitable to sell to the whole market, the incentives for risk-taking and for firms to differentiate their targeted qualities are optimal. In a natural oligopoly (which results when there is sufficient dispersion of tastes), the relationship between a firm's payoff and its quality improvement over other firms is weakened. This diminishes the firms' incentives to differentiate and the targeted qualities are too low and too close together. © Elsevier Science B.V.
Persistent Identifierhttp://hdl.handle.net/10722/85654
ISSN
2015 Impact Factor: 0.866
2015 SCImago Journal Rankings: 1.085
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:07:39Z-
dc.date.available2010-09-06T09:07:39Z-
dc.date.issued2001en_HK
dc.identifier.citationInternational Journal Of Industrial Organization, 2001, v. 19 n. 1-2, p. 185-212en_HK
dc.identifier.issn0167-7187en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85654-
dc.description.abstractIn vertical product differentiation with a stochastic research technology, firms should target their research at different quality levels for efficiency. In a natural monopoly where the top firm finds it most profitable to sell to the whole market, the incentives for risk-taking and for firms to differentiate their targeted qualities are optimal. In a natural oligopoly (which results when there is sufficient dispersion of tastes), the relationship between a firm's payoff and its quality improvement over other firms is weakened. This diminishes the firms' incentives to differentiate and the targeted qualities are too low and too close together. © Elsevier Science B.V.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijioen_HK
dc.relation.ispartofInternational Journal of Industrial Organizationen_HK
dc.rightsInternational Journal Of Industrial Organization. Copyright © Elsevier BV.en_HK
dc.subjectL12en_HK
dc.subjectL13en_HK
dc.subjectQuality competitionen_HK
dc.subjectR&Den_HK
dc.subjectVertical product differentiationen_HK
dc.titleRisky quality choiceen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0167-7187&volume=19&spage=185&epage=212&date=2001&atitle=Risky+quality+choiceen_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0167-7187(99)00012-0en_HK
dc.identifier.scopuseid_2-s2.0-0035545497en_HK
dc.identifier.hkuros60921en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035545497&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume19en_HK
dc.identifier.issue1-2en_HK
dc.identifier.spage185en_HK
dc.identifier.epage212en_HK
dc.identifier.isiWOS:000165560700008-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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