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Discrete choice theory of product differentiation

Author: Simon P Anderson; André De Palma; Jacques Franc̜ois Thisse
Publisher: Cambridge, Mass. : MIT Press, ©1992.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:

This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using  Read more...

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Simon P Anderson; André De Palma; Jacques Franc̜ois Thisse
ISBN: 026201128X 9780262011280
OCLC Number: 25787237
Description: xviii, 423 pages : illustrations ; 24 cm
Contents: Part 1 Introduction: product differentiation and discrete choice models; some basic themes; organization of the book. Part 2 Review of discrete choice models: models with discrete responses; foundations of discrete choice models; models with stochastic decision roles; models with stochastic utility; the multinomial logit; generalizations of the multinomial logit; stochastic dependency among alternatives. Part 3 The representative consumer approach: discrete choice models and the demand for differentiated products; reinterpretation of demand with a continuum of consumers; a representative consumer theorem for discrete choice models; the multinomial logit representative consumer; the logit representative consumer with endogenous total consumption; the CES representative consumer model. Part 4 The address approach: description of the address model; an address theorem for discrete choice models; some applications; the CES as an address model. Part 5 A synthesis of alternative preference foundations of product differentiations: a three-way synthesis; the alternative interpretation of the hotelling model; the Logit and CES models; comparison of parameters - a synthesis of the alternative approaches for the logit and CES. Part 6 Oligopoly with product differentiation: models of product differentiation; existence of a price equilibrium; properties of short-run and long-run equilibria; market equilibrium and optimum product diversity. Part 7 Oligopoly and the Logit model: the basic Logit oligopoly model; optimum and equilibrium product diversity - the Logit and the CES; the Logit with an outside alternative; the logit and quality choice; a Logit model with Search; multiproduct oligopoly - a nested Logit approach; network externalities with differentiated products. Part 8 Product selection, location choice, and spatial pricing: locational competition; product selection and price competition; spatial price policies and location. Part 9 Spatial competition and the logit model: probabilistic discrete choice approach and spatial competition; competition over locations; location choice under mill pricing; market equilibrium and optimum under alternative spatial price policies.
Responsibility: Simon P. Anderson, André de Palma, and Jacques-Franc̜ois Thisse.

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