Product design competition under different degrees of demand ambiguity

• Verfasst von: Kauffeldt, Florian [VerfasserIn]
• Verfasst von: Wiesenfarth, Boris Roland [VerfasserIn]
• Titel: Product design competition under different degrees of demand ambiguity
• Verf.angabe: T. Florian Kauffeldt, Boris R. Wiesenfarth
• E-Jahr: 2018
• Jahr: 28 February 2018
• Umfang: 24 S.
• Fussnoten: Gesehen am 10.12.2019
• Titel Quelle: Enthalten in: Review of industrial organization
• Ort Quelle: Dordrecht [u.a.] : Springer Science + Business Media B.V., 1984
• Jahr Quelle: 2018
• Band/Heft Quelle: 53(2018), 2, Seite 397-420
• ISSN Quelle: 1573-7160
• DOI: doi:10.1007/s11151-018-9620-5
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-AusgabeKauffeldt, Florian: Product design competition under different degrees of demand ambiguity. - 2018
• Sach-SW: Ambiguity
• Sach-SW: C72
• Sach-SW: Choquet-expected utility
• Sach-SW: D43
• Sach-SW: D81
• Sach-SW: Hotelling
• Sach-SW: L13
• Sach-SW: Product differentiation
• Sach-SW: R32
• K10plus-PPN: 1684950511

Abstract

Product differentiation decisions are frequently made under imperfect probabilistic information about consumer tastes (demand ambiguity). We investigate a Hotelling duopoly game of product-design-then-price choices that incorporates demand ambiguity. Our model allows for different levels of demand ambiguity. We find that the impact of ambiguity on product differentiation depends on firms’ ambiguity attitudes. Furthermore, our model generalizes the probabilistic model of Meagher and Zauner (J Econ Theory 117:201-216, 2004) and the non-probabilistic model of Krol (Int J Ind Org 30:593-604, 2012).