2017年5月
Firms' Information Acquisition with Heterogeneous Consumers and Trend
REVIEW OF INDUSTRIAL ORGANIZATION
- 巻
- 50
- 号
- 3
- 開始ページ
- 323
- 終了ページ
- 344
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1007/s11151-016-9534-z
- 出版者・発行元
- SPRINGER
This paper analyzes firms' location choices and information acquisition in a model of product differentiation with trend. The presence of an uncertain trend spot induces the firms not to follow the principle of maximal differentiation, unless the trend spot is expected to be near the ends of the city. Second, each firm has an incentive to acquire information about the exact trend spot. Consumer surplus is also higher when both firms are informed. Third, firms' choice of product differentiation is excessive relative to the social optimum. Furthermore, in the social optimum, welfare is also higher when the planner is informed.
- リンク情報
- ID情報
-
- DOI : 10.1007/s11151-016-9534-z
- ISSN : 0889-938X
- eISSN : 1573-7160
- Web of Science ID : WOS:000399303600004