9780262011280-026201128X-Discrete Choice Theory of Product Differentiation

Discrete Choice Theory of Product Differentiation

ISBN-13: 9780262011280
ISBN-10: 026201128X
Edition: 1
Author: Andre de Palma, Jacques-François Thisse, Simon P. Anderson
Publication date: 1992
Publisher: Mit Pr
Format: Hardcover 445 pages
Category: Economics
FREE US shipping
Rent
35 days
from $59.75 USD
FREE shipping on RENTAL RETURNS
Buy

From $344.61

Rent

From $59.75

Book details

ISBN-13: 9780262011280
ISBN-10: 026201128X
Edition: 1
Author: Andre de Palma, Jacques-François Thisse, Simon P. Anderson
Publication date: 1992
Publisher: Mit Pr
Format: Hardcover 445 pages
Category: Economics

Summary

Discrete Choice Theory of Product Differentiation (ISBN-13: 9780262011280 and ISBN-10: 026201128X), written by authors Andre de Palma, Jacques-François Thisse, Simon P. Anderson, was published by Mit Pr in 1992. With an overall rating of 4.5 stars, it's a notable title among other Economics books. You can easily purchase or rent Discrete Choice Theory of Product Differentiation (Hardcover, Used) from BooksRun, along with many other new and used Economics books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $13.09.

Description

This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior.

Product differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior. It provides a valuable synthesis of existing, often highly technical work in both differentiated markets and discrete choice models and extends this work to establish a coherent theoretical underpinning for research in imperfect competition.The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location. Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research. The first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), while the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well topics for further research.

Rate this book Rate this book

We would LOVE it if you could help us and other readers by reviewing the book