論文

査読有り
2017年5月

Firms' Information Acquisition with Heterogeneous Consumers and Trend

REVIEW OF INDUSTRIAL ORGANIZATION
  • Yukiko Hirao

50
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
DOI
https://doi.org/10.1007/s11151-016-9534-z
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000399303600004&DestApp=WOS_CPL