Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F12%3A00389200" target="_blank" >RIV/00216208:11640/12:00389200 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/67985998:_____/12:00379839

Výsledek na webu

<a href="http://dx.doi.org/10.1007/s00712-011-0246-4" target="_blank" >http://dx.doi.org/10.1007/s00712-011-0246-4</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s00712-011-0246-4" target="_blank" >10.1007/s00712-011-0246-4</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results

Popis výsledku v původním jazyce

Allowing for endogenous entry in the traditional Stackelberg setup with product differentiation, leads to reverting of the standard comparative static and limiting results. Unlike in the standard Stackelberg setup with barriers to entry, the leader?s profit increases when the differentiation becomes lower. The reason is that competition becomes tougher when products become more alike, and consequently, fewer firms enter in equilibrium. On the other hand, increasing product differentiation towards its limit results in number of entrants tending to infinity and for very large market, the profit of the leader approaches zero. Thus market structure approaches monopolistic competition, rather than the standard monopoly outcome that occurs with exogenous number of followers.

Název v anglickém jazyce

Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results

Popis výsledku anglicky

Allowing for endogenous entry in the traditional Stackelberg setup with product differentiation, leads to reverting of the standard comparative static and limiting results. Unlike in the standard Stackelberg setup with barriers to entry, the leader?s profit increases when the differentiation becomes lower. The reason is that competition becomes tougher when products become more alike, and consequently, fewer firms enter in equilibrium. On the other hand, increasing product differentiation towards its limit results in number of entrants tending to infinity and for very large market, the profit of the leader approaches zero. Thus market structure approaches monopolistic competition, rather than the standard monopoly outcome that occurs with exogenous number of followers.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Economics

ISSN

0931-8658

e-ISSN

—

Svazek periodika

106

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

AT - Rakouská republika

Počet stran výsledku

12

Strana od-do

221-232

Kód UT WoS článku

000305696800002

EID výsledku v databázi Scopus

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