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Discrete choice theory of product differentiation

Author: Thisse, J. F. ; Simon P Anderson; André De Palma; Jacques-François Thisse
Publisher: Cambridge, Mass. : MIT Press, ©1992.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Product differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Thisse, J. F. ; Simon P Anderson; André De Palma; Jacques-François Thisse
ISBN: 026201128X 9780262011280
OCLC Number: 25787237
Description: xviii, 423 pages : illustrations ; 24 cm
Contents: Foreword / Daniel McFadden --
1. Introduction --
1.1. Product Differentiation and Discrete Choice Models --
1.2. Some Basic Themes --
1.3. Organization of the Book --
2. Review of Discrete Choice Models. 2.2. Models with Discrete Responses. 2.3. Foundations of Discrete Choice Models. 2.4. Models with Stochastic Decision Rules. 2.5. Models with Stochastic Utility. 2.6. The Multinomial Logit. 2.7. Generalizations of the Multinomial Logit. 2.8. Stochastic Dependency among Alternatives --
3. The Representative Consumer Approach. 3.2. Discrete Choice Models and the Demand for Differentiated Products. 3.3. Reinterpretation of Demand with a Continuum of Consumers. 3.4. A Representative Consumer Theorem for Discrete Choice Models. 3.5. The Multinomial Logit Representative Consumer. 3.6. The Logit Representative Consumer with Endogenous Total Consumption. 3.7. The CES Representative Consumer Model --
4. The Address Approach. 4.2. Description of the Address Model. 4.3. An Address Theorem for Discrete Choice Models. 4.4. Some Applications. 4.5. The CES as an Address Model --
5. A Synthesis of Alternative Preference Foundations of Product Differentiation. 5.2. A Three-Way Synthesis. 5.3. The Alternative Interpretations of the Hotelling Model. 5.4. The Logit and CES Models. 5.5. Comparison of Parameters: A Synthesis of the Alternative Approaches for the Logit and CES --
6. Oligopoly with Product Differentiation. 6.2. Models of Product Differentiation. 6.3. Existence of a Price Equilibrium. 6.4. Properties of Short-Run and Long-Run Equilibria. 6.5. Market Equilibrium and Optimum Product Diversity --
7. Oligopoly and the Logit Model. 7.2. The Basic Logit Oligopoly Model. 7.3. Optimum and Equilibrium Product Diversity: The Logit and the CES. 7.4. The Logit with an Outside Alternative. 7.5. The Logit and Quality Choice. 7.6. A Logit Model with Search. 7.7. Multiproduct Oligopoly: A Nested Logit Approach. 7.8. Network Externalities with Differentiated Products --
8. Product Selection, Location Choice, and Spatial Pricing. 8.2. Locational Competition. 8.3. Product Selection and Price Competition. 8.4. Spatial Price Policies and Location --
9. Spatial Competition and the Logit Model. 9.2. Probabilistic Discrete Choice Approach and Spatial Competition. 9.3. Competition over Locations. 9.4. Location Choice under Mill Pricing. 9.5. Market Equilibrium and Optimum under Alternative Spatial Price Policies --
10. Further Directions.
Responsibility: Simon P. Anderson, André de Palma, and Jacques-Franc̜ois Thisse.

Abstract:

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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