LEADER 02776nam a22003498a 4500
001 25787237
003 OR
003 OCoLC
008 921202s1992    mau      b    001 0 eng  
010   $a92015791
020   $a026201128X
035   $a10652050
040   $aDLC$cDLC$dOrLoB-B
049   $aOREU$lbna
050   $aHF5415.32$b.A53 1992
050 00$aHF5415.32$b.A53 1992
082 00$a658.8/343$220
100 1 $aAnderson, Simon P.
245 10$aDiscrete choice theory of product differentiation /$cSimon P. Anderson, Andre? de Palma, and Jacques-Franc?ois Thisse.
260   $aCambridge, Mass. :$bThe MIT Press,$c1992.
263   $a9209.
300   $axviii, 423 p. ;$c24 cm.
504   $aIncludes bibliographical references (p.[401]-416) and index.
520   $aProduct differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior. It provides a valuable synthesis of existing, often highly technical work in both differentiated markets and discrete choice models and extends this work to establish a coherent theoretical underpinning for research in imperfect competition. The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection. Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research. The first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), and the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well as topics for further research.
650  0$aConsumers' preferences$xMathematical models.
700 1 $aDe Palma, Andre.
700 1 $aThisse, Jean Fran.
902   $a071220
907   $a.b15977651$bvge  $c-
945   $lvge  $d120001074992$e1
998   $b1$c981001$dm$ea$f-$g0
999   $a19921202174429.0