The Economic Theory of Product Differentiation
Bibliographic Data
| ID | 9722683 |
|---|---|
| Authors | Martin Slater, John Beath, Yannis Katsoulacos (0000-0002-0232-1225) |
| Year | 1992 |
| Volume | 59 |
| Issue | 234 |
| Pages | 255 |
| Publication date | 1992-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554751 |
| OpenAlex | W2111205403 |
| Language | EN |
| Citations received | 7 |
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
Economics · Industrial organization · Intuition · Market economy · Microeconomics · Product (mathematics) · Product differentiation · Quality (philosophy) · Welfare · Economic Growth and Productivity · Economic theories and models · Mathematics · Merger and Competition Analysis
The Market for Films in Postwar Italy
How demand affects optimal prices and product differentiation
Consumer perceptions and the effects of country of origin labeling on purchasing decisions and welfare
Sorting Through the Determinants of Local Government Competition
Being better vs. being different
Product Differentiation at the Movies
Small firm start-up by composers in the recording industry
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,24 |
| Citation span | 1997 - 2018 (22) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |