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10.1142/S0219198920500073
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Título: | Collusion and Customization |
Fecha de publicación: | 24-jun-2020 |
Editorial: | World Scientific Publishing |
Cita bibliográfica: | International Game Theory Review VOL. 22, NO. 04 |
ISSN: | Print: 0219-1989 Electronic: 1793-6675 |
Palabras clave: | Collusion Customization The Salop model |
Resumen: | We analyze the effect of customizing a product on the ability of firms to tacitly collude on prices. Following [Bar-Isaac et al. [2014] Targeted product design: Locating inside the Salop circle, Mimeo], we allow firms to be located inside the circle in the Salop model [Salop, S. [1979] Monopolistic competition with outside goods, Bell J. Econ., 10(1), 141–156]. Our analysis shows that the effect of product customization on the stability of collusion depends on the sensitivity of consumers’ utility to the degree of customization. In particular, if that sensitivity is low enough, then greater customization facilitates collusion. Otherwise, greater customization hinders collusion if consumers value the product little. |
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.worldscientific.com/doi/10.1142/S0219198920500073 |
URI: | http://hdl.handle.net/10201/137247 |
DOI: | 10.1142/S0219198920500073 |
Tipo de documento: | info:eu-repo/semantics/article |
Número páginas / Extensión: | 12 |
Derechos: | info:eu-repo/semantics/openAccess Atribución 4.0 Internacional |
Descripción: | © 2020. This document is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by /4.0/ This document is the submitted version of a published work that appeared in final form in International Game Theory Review. |
Aparece en las colecciones: | Artículos: Métodos Cuantitativos para la Economía y la Empresa |
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Fichero | Descripción | Tamaño | Formato | |
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2019_12_donut_collusion.pdf | 211,62 kB | Adobe PDF | Visualizar/Abrir |
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