Download or read book Consumer Search and Retail Market Structure written by Andrew Rhodes and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a framework for studying how consumer search frictions affect retail market structure. In our model single-product firms which supply different products can merge to form a multiproduct firm. Consumers wish to buy multiple products and value the one-stop shopping convenience associated with a multiproduct firm. We find that when the search friction is relatively large all firms are multiproduct in equilibrium. However when the search friction is smaller the equilibrium market structure is asymmetric, with single-product and multiproduct firms coexisting. This asymmetric market structure often leads to the weakest price competition, and is the worst for consumers among all possible market structures. Due to the endogeneity of market structure, a reduction in the search friction can increase market prices and decrease consumer welfare.
Download or read book Consumer Search Behavior and Its Effect on Markets written by Brian T. Ratchford and published by Now Publishers Inc. This book was released on 2009 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer Search Behavior and its Effect on Markets focuses on the consumer side of the market, on what is known about how consumers search for needed information, and on how this impacts the behavior of markets. The author discusses three broad strands of this literature -- normative models of search and their application to consumer search; empirical studies of the search process; and implications of consumer search for the behavior of markets, including pricing, advertising and retailing. In general, the author examines external search -- the search for information from sources other than memory. Particular attention is paid to the impact of the Internet on markets. Consumer Search Behavior and its Effect on Markets also examines the broader issues about alternatives considered, sources consulted, extent of consumer knowledge, and the impact of these factors on markets and marketing institutions.
Download or read book An Empirical Analysis of Retail Market Structure written by Si Chen and published by . This book was released on 2020 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on the Economics of Retailing and Distribution written by Emek Basker and published by Edward Elgar Publishing. This book was released on 2016-01-29 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook explores and critically examines current research in economics and marketing science on key issues in retailing and distribution. Providing a rich perspective for the discussion of public policy, contributions from several disciplines and continents range from the history of chains and the impact of multinational retailers on international trade patterns to US merger policy in the retail context, the rise of the Internet, and consumer-to-consumer sales. The chapters address methodological issues such as the structural estimation of entry games between retailers, productivity measurement when both inputs and output are not fully observable, and demand estimation with variable assortment. Policy issues explored include mergers, zoning, and the regulation of buyer power, while other chapters address some of the recent exciting developments in technology, retail formats, and data availability. The book goes on to study the changes in online retailing and ‘big data’, and to examine competition in specific retail sectors including gasoline stations, automobile dealerships, supermarkets, and ‘big box’ retail. This state-of-the-art Handbook is an essential reference for students and academics of economics and marketing science, and offers an outsider’s perspective to specialists in operations research, data analytics, geography, and sociology.
Download or read book Market Structure Analysis written by James H. Myers and published by Marketing Classics Press. This book was released on 2011-08-15 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Local Market Structure and Consumer Prices Evidence from a Retail Merger written by Dennis Rickert and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Structure Analysis Ch 1 written by James H. Myers and published by Marketing Classics Press. This book was released on 2011-08-15 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Book Publishing Industry written by Albert N. Greco and published by Taylor & Francis. This book was released on 2004-11-16 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an innovative and detailed overview of the book publishing industry, including details about the business processes in editorial, marketing and production. The work explores the complex issues that occur everyday in the publishing in
Download or read book Economics and Information Systems written by Terrence Hendershott and published by Elsevier Science Limited. This book was released on 2006-12-28 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains chapters that focus on the individual interrelated subjects regarding the economics of information systems: the adoption and diffusion of information technologies; the pricing of data communications; the means and tactics firms us to compete with each other; and the manner in which firms interact with and distribute goods to customers.
Download or read book Learning Big Data Gathering to Predict Retail and Service Industry Consumer Behavior written by Johnny Ch LOK and published by . This book was released on 2018-10 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to apply media economic methods to predict media consumer's psychology? Some media economists believe the market structure-conduct performance model is as a tool for analysis, it has been widely used in the study of media markets and industries, such as book publishing industry. How to choose the attractive topic for every book product structure? They believe attractive book structure will help book structure firm to grow reader numbers. So, book topic and content factor is more influential to raise reader number more than cheaper book price sale factor. In its most simply for the industries organizational model indicates that of the structure of the market is known, it allows explanation of the likely conduct and performance among firms. For example, in terms of market structure, the variables used for analysis include the numbers of sellers/buyers, e.g. US publishing book market number of US book reading publishers/number of US book publishing sellers every year in US book publishing market; product differentiation, e.g. US different topic and content of electronic book or paper book product ; barriers to entry, e.g. economic recession, tariff book import tax, limitation of import book number etc. different external barriers factors to influence overseas ( foreign) book publishing import to US to sell their paper books ; cost structures, e.g. US book publishing firms need to spend how much printing expenditure to print high quality paper production of every paper book to sell and the degree of vertical integration, e.g. US book publishing firms how to choose middlemen to help them to sell books, e.g. themselves book publishing shops, other book retailers, themselves electronic book publishing website online platform sale channel or other book publishing sellers' websites online platform sale channel etc. different channels to sell the paper of electronic books to US readers. Hence, predicting the country' book market structure, it will have more confidence to evaluate book publishing competitors' effort and book sale price and how to design book content and topic to raise reading quality to let readers to feel much attractive to choose to buy the books from the book publishing shop. Media economics research is in the sense that many different types of methods are used to answer research questions and investigate hypotheses. However, many economists accept to choose to apply any one of methods to predict media reader behavior, such as trend studies, financial analysis, econometrics and case studies.Trend studies compare and contrast data over a time series. In assessing media concentration. Most trend studies use annual data as the unit of analysis. Trend studies are useful, due to their descriptive nature and ease of presentation and they aid in analyzing the performance of media companies and industries, e.g. study of changes in newspaper pricing and subscription costs. Financial analysis is another common methodological tool used in media economics research. Financial analysis can take many different forms and use different types of data. The most common data include information derived from financial statements and the use of various types of financial ratio.
Download or read book Demand for Variety Under Costly Consumer Search written by William Jacob Allender and published by . This book was released on 2013 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers search before making virtually any purchase. The notion that consumers engage in costly search is well-understood to have deep implications for market performance. However to date, no theoretical model allows for the observation that consumers often purchase more than a single product in an individual shopping occasion. Clothing, food, books, and music are but four important examples of goods that are purchased many items at a time. I develop a modeling approach that accounts for multi-purchase occasions in a structural way. My model shows that as preference for variety increases, so does the size of the consideration set. Search models that ignore preference for variety are, therefore, likely to under-predict the number of products searched. It is generally thought that lower search costs increase retail competition which pushes prices and assortments down. However, I show that there is an optimal number of products to offer depending on the intensity of consumer search costs. Consumers with high search costs prefer to shop at a store with a large assortment of goods and purchase multiple products, even if the prices that firm charges is higher than competing firms' prices. On the other hand, consumers with low search costs tend to purchase fewer goods and shop at the stores that have lower prices, as long as the store has a reasonable assortment offering. The implications for market performance are dramatic and pervasive. In particular, the misspecification of demand model in which search is important and/or multiple discreteness is observed will produce biased parameter estimates leading to erroneous managerial conclusions.
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Download or read book Essays on Market Structure Competition and Consumer Behavior written by Astrid Andrea Dick and published by . This book was released on 2002 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: (Cont.) Chapter 3, co-authored with Erik Brynjolfsson and Michael D. Smith, applies a flexible demand model to examine heterogeneous consumer behavior and estimate search benefits and costs across consumers types, based on a unique data set obtained from a major U.S.-based online shopbot. Consumer benefits to search are estimated using a compensating variations approach, by comparing the welfare generated by the first set of offers shown to the consumer in the default screen, and that generated by the entire set of offers. The benefits to searching lower screens are $1.65 for the median consumer, and the cost of carrying an exhaustive search of the offers is a maximum of $1.40 for the median consumer that chooses to search lower screens.
Download or read book Mathematical Methods and Models for Economists written by Angel de la Fuente and published by Cambridge University Press. This book was released on 2000-01-28 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: A textbook for a first-year PhD course in mathematics for economists and a reference for graduate students in economics.
Download or read book Retail Market Structure and Economic Growth written by Howard Edwin Morgan and published by . This book was released on 1963 with total page 944 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marketers and Consumers Perceptions of Market Structure written by Leslie de Chernatony and published by . This book was released on 1988 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oxford Handbook of the Digital Economy written by Martin Peitz and published by Oxford University Press. This book was released on 2012-08-23 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic analysis of the digital economy has been a rapidly developing research area for more than a decade. Through authoritative examination by leading scholars, this Handbook takes a closer look at particular industries, business practices, and policy issues associated with the digital industry. The volume offers an up-to-date account of key topics, discusses open questions, and provides guidance for future research. It offers a blend of theoretical and empirical works that are central to understanding the digital economy. The chapters are presented in four sections, corresponding with four broad themes: 1) infrastructure, standards, and platforms; 2) the transformation of selling, encompassing both the transformation of traditional selling and new, widespread application of tools such as auctions; 3) user-generated content; and 4) threats in the new digital environment. The first section covers infrastructure, standards, and various platform industries that rely heavily on recent developments in electronic data storage and transmission, including software, video games, payment systems, mobile telecommunications, and B2B commerce. The second section takes account of the reduced costs of online retailing that threatens offline retailers, widespread availability of information as it affects pricing and advertising, digital technology as it allows the widespread employment of novel price and non-price strategies (bundling, price discrimination), and auctions, as well as better tar. The third section addresses the emergent phenomenon of user-generated content on the Internet, including the functioning of social networks and open source. Finally, the fourth section discusses threats arising from digitization and the Internet, namely digital piracy, privacy and internet security concerns.
