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Article: New product introduction with costly search

TitleNew product introduction with costly search
Authors
KeywordsInnovation
New product introduction
Product market search
Issue Date2006
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jedc
Citation
Journal Of Economic Dynamics And Control, 2006, v. 30 n. 12, p. 2775-2792 How to Cite?
AbstractIn the usual model of product market search, a low search cost can turn out to have detrimental incentives on new product introduction as the low search cost erodes firms' market power, attenuating the profit from innovation. This paper studies a model of monopolistic competition with costly search, where the point of departure is that of a fixed cost of initiating search. In this environment, a low search cost could turn out to be favorable to innovation. At a low search cost, more consumers may decide to start searching, possibly resulting in higher profits for firms in the larger market, despite the erosion of market power. © 2005 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85704
ISSN
2015 Impact Factor: 0.879
2015 SCImago Journal Rankings: 0.937
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:08:13Z-
dc.date.available2010-09-06T09:08:13Z-
dc.date.issued2006en_HK
dc.identifier.citationJournal Of Economic Dynamics And Control, 2006, v. 30 n. 12, p. 2775-2792en_HK
dc.identifier.issn0165-1889en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85704-
dc.description.abstractIn the usual model of product market search, a low search cost can turn out to have detrimental incentives on new product introduction as the low search cost erodes firms' market power, attenuating the profit from innovation. This paper studies a model of monopolistic competition with costly search, where the point of departure is that of a fixed cost of initiating search. In this environment, a low search cost could turn out to be favorable to innovation. At a low search cost, more consumers may decide to start searching, possibly resulting in higher profits for firms in the larger market, despite the erosion of market power. © 2005 Elsevier B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jedcen_HK
dc.relation.ispartofJournal of Economic Dynamics and Controlen_HK
dc.rightsJournal of Economic Dynamics and Control. Copyright © Elsevier BV.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in <Journal of Economic Dynamics and Control>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 30, ISSUE 12, (2006)] DOI 10.1016/j.jedc.2005.09.004-
dc.subjectInnovationen_HK
dc.subjectNew product introductionen_HK
dc.subjectProduct market searchen_HK
dc.titleNew product introduction with costly searchen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0165-1889&volume=30&spage=2775&epage=2792&date=2006&atitle=New+product+introduction+with+costly+searchen_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.jedc.2005.09.004en_HK
dc.identifier.scopuseid_2-s2.0-33748972677en_HK
dc.identifier.hkuros129877en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33748972677&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume30en_HK
dc.identifier.issue12en_HK
dc.identifier.spage2775en_HK
dc.identifier.epage2792en_HK
dc.identifier.isiWOS:000242798000018-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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