Arbeitspapier
Hotelling competition with multi-purchasing: Time Magazine, Newsweek, or both?
Equilibrium prices behave quite differently if consumers single-purchase (buy either Time Magazine or Newsweek) or if some consumers multi-purchase (buy both). Prices are strategic complements under single-purchase, and increase with magazine quality. In a multi-purchase regime prices are strategically independent because firms then act monopolistically by pricing the incremental benefit to marginal consumers. Furthermore, prices can decrease with magazine quality due to overlapping content. Higher preference heterogeneity increases prices and profits in equilibrium with single-purchase, but decreases them with multi-purchase. We determine when each regime holds, and present a detailed reaction function analysis which applies more generally to duopoly pricing.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3096
- Klassifikation
-
Wirtschaft
Oligopoly and Other Imperfect Markets
- Thema
-
magazine competition
multi-purchase
incremental pricing
content competition
Zeitschrift
Preiswettbewerb
Hotelling Modell
Konsumentenverhalten
Produktdifferenzierung
Produktsubstitution
Duopol
Reaktionsfunktion
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Anderson, Simon P.
Foros, Øystein
Kind, Hans Jarle
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Anderson, Simon P.
- Foros, Øystein
- Kind, Hans Jarle
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2010
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