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Market configurations when marginal costs are quality‐dependent

2024Journal article Open access
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dc.contributor.authorPires, Cesaltina Pacheco
dc.contributor.authorJorge, Sílvia Ferreira
dc.contributor.authorCatalão‐Lopes, Margarida
dc.contributor.authorPinho, Joana
dc.contributor.authorGarcês, Pedro
dc.contributor.authorAlventosa, Adriana
dc.date.accessioned2024-05-23T08:50:49Z
dc.date.available2024-05-23T08:50:49Z
dc.date.issued2024
dc.description.abstractMost quality-then-price decision models under vertical product differentiation consider a predetermined market configuration. We endogenize market configuration considering quality-dependent marginal costs and conclude that a strictly interior full coverage duopoly holds for some parameter values, unveiling the relevance of this commonly assumed market structure. Moreover, we show that a monopoly never arises in equilibrium, and (i) there are multiple equilibria at the frontier between interior and corner full coverage duopoly, (ii) the market is fully (partially) covered when relative tastes' heterogeneity is low (high), and (iii) there is a discontinuity in the transition from partial coverage to full coverage duopoly.pt_PT
dc.description.sponsorshipPID2021-128228NB-I00pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1002/mde.4216pt_PT
dc.identifier.issn0143-6570
dc.identifier.urihttp://hdl.handle.net/10400.1/20760
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherWileypt_PT
dc.relationCentre for Management Studies of Instituto Superior Técnico
dc.relationResearch Unit on Governance, Competitiveness and Public Policy
dc.relationResearch Center in Management and Economics
dc.relationCenter for Advanced Studies in Management and Economics
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/pt_PT
dc.subjectVertical product differentiationpt_PT
dc.subjectPrice-competitionpt_PT
dc.subjectChoicept_PT
dc.subjectAdvantagept_PT
dc.subjectStandardspt_PT
dc.subjectModelspt_PT
dc.titleMarket configurations when marginal costs are quality‐dependentpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardTitleCentre for Management Studies of Instituto Superior Técnico
oaire.awardTitleResearch Unit on Governance, Competitiveness and Public Policy
oaire.awardTitleResearch Center in Management and Economics
oaire.awardTitleCenter for Advanced Studies in Management and Economics
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/3599-PPCDT/PTDC%2FEGE-ECO%2F29332%2F2017/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00097%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04058%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00731%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04007%2F2020/PT
oaire.citation.endPage21pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.titleManagerial and Decision Economicspt_PT
oaire.fundingStream3599-PPCDT
oaire.fundingStream6817 - DCRRNI ID
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oaire.fundingStream6817 - DCRRNI ID
person.familyNameGarcês
person.givenNamePedro
person.identifier.ciencia-id9912-2567-377D
person.identifier.orcid0000-0002-5589-9696
project.funder.identifierhttp://doi.org/10.13039/501100001871
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project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
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