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https://doi.org/10.1016/j.rie.2020.10.008
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| Título: | Price versus quantity in a duopoly of vertical differentiation with loss-averse consumers |
| Fecha de publicación: | mar-2021 |
| Editorial: | Elsevier |
| Cita bibliográfica: | Research in Economics Volume 75, Issue 1, March 2021, Pages 1-6 |
| ISSN: | Print: 1090-9443 Electronic: 1090-9451 |
| Palabras clave: | Loss aversion Price and quantity contracts Vertical product differentiation |
| Resumen: | In a model àla Mussa and Rosen (1978) in which consumers are loss-averse, I check the robustness of the result obtained by Tanaka (2001) . As he did, I find that the quantity con- tract is a dominant strategy for both firms. Thus, Cournot is the outcome in equilibrium. Finally, I find that loss aversion in general intensifies competition. |
| Autor/es principal/es: | Martínez Sánchez, Francisco |
| Facultad/Departamentos/Servicios: | Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Métodos Cuantitativos para la Economía y la Empresa |
| Versión del editor: | https://www.sciencedirect.com/science/article/pii/S1090944320303793?via%3Dihub |
| URI: | http://hdl.handle.net/10201/137231 |
| DOI: | https://doi.org/10.1016/j.rie.2020.10.008 |
| Tipo de documento: | info:eu-repo/semantics/article |
| Número páginas / Extensión: | 11 |
| Derechos: | info:eu-repo/semantics/openAccess Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
| Descripción: | © 2021. This document is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ This document is the submitted version of a published work that appeared in final form in Research in Economics |
| Aparece en las colecciones: | Artículos: Métodos Cuantitativos para la Economía y la Empresa |
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| 2020_10 loss aversion pq.pdf | 151,73 kB | Adobe PDF |  Visualizar/Abrir |
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