Research output: Chapter in Book/Report/Conference proceeding › Article in an anthology › Research
Model of quality competition with a non-uniform consumer distribution. / Zenkevich, N.A.; Gladkova, M.A.
IFAC Proceedings Volumes (IFAC-PapersOnline). University of Jyväskylä, 2009. p. 140, 64-69.Research output: Chapter in Book/Report/Conference proceeding › Article in an anthology › Research
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TY - CHAP
T1 - Model of quality competition with a non-uniform consumer distribution
AU - Zenkevich, N.A.
AU - Gladkova, M.A.
N1 - Zenkevich, N. A. Model of quality competition with a non-uniform consumer distribution / N. A. Zenkevich, M. A. Gladkova // IFAC Proceedings Volumes (IFAC-PapersOnline). - 2009. - P. 64-69.
PY - 2009
Y1 - 2009
N2 - A two-stage game-theoretical model of duopoly and vertical product differentiation is examined. It is assumed, that there are two firms on some industrial market which produce homogeneous product differentiated by quality. The results of the research of a two-stage model of duopoly are presented, when at the first stage companies define quality level and at the second stage they compete in product price. It is supposed that consumers are uniformly distributed. This model was extended to the case when consumers are distributed non-uniformly. The research presents the comparative analysis of results in the case of uniform and non-uniform consumers' distribution.
AB - A two-stage game-theoretical model of duopoly and vertical product differentiation is examined. It is assumed, that there are two firms on some industrial market which produce homogeneous product differentiated by quality. The results of the research of a two-stage model of duopoly are presented, when at the first stage companies define quality level and at the second stage they compete in product price. It is supposed that consumers are uniformly distributed. This model was extended to the case when consumers are distributed non-uniformly. The research presents the comparative analysis of results in the case of uniform and non-uniform consumers' distribution.
KW - vertical product differentiation
KW - duopoly
KW - quality competition
KW - multi-stage game
KW - non-uniform consumer distribution
KW - sub-game perfect equilibrium
U2 - 10.3182/20090506-3-SF-4003.00012
DO - 10.3182/20090506-3-SF-4003.00012
M3 - Article in an anthology
SN - 978-3-902661-42-5
SP - 140, 64-69
BT - IFAC Proceedings Volumes (IFAC-PapersOnline)
PB - University of Jyväskylä
ER -
ID: 4518401