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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, André de Palma, and Jacques-Franc̜ois Thisse.
260   $aCambridge, Mass. :$bMIT Press,$cc1992.
300   $axviii, 423 p. :$bill. ;$c24 cm.
504   $aIncludes bibliographical references (p. [401]-416) and index.
505 20$tForeword /$rDaniel McFadden --$g1.$tIntroduction --$g1.1.$tProduct Differentiation and Discrete Choice Models --$g1.2.$tSome Basic Themes --$g1.3.$tOrganization of the Book --$g2.$tReview of Discrete Choice Models.$g2.2.$tModels with Discrete Responses.$g2.3.$tFoundations of Discrete Choice Models.$g2.4.$tModels with Stochastic Decision Rules.$g2.5.$tModels with Stochastic Utility.$g2.6.$tThe Multinomial Logit.$g2.7.$tGeneralizations of the Multinomial Logit.$g2.8.$tStochastic Dependency among Alternatives --$g3.$tThe Representative Consumer Approach.$g3.2.$tDiscrete Choice Models and the Demand for Differentiated Products.$g3.3.$tReinterpretation of Demand with a Continuum of Consumers.$g3.4.$tA Representative Consumer Theorem for Discrete Choice Models.$g3.5.$tThe Multinomial Logit Representative Consumer.$g3.6.$tThe Logit Representative Consumer with Endogenous Total Consumption.$g3.7.$tThe CES Representative Consumer Model --$g4.$tThe Address Approach.$g4.2.$tDescription of the Address Model.
505 80$g4.3.$tAn Address Theorem for Discrete Choice Models.$g4.4.$tSome Applications.$g4.5.$tThe CES as an Address Model --$g5.$tA Synthesis of Alternative Preference Foundations of Product Differentiation.$g5.2.$tA Three-Way Synthesis.$g5.3.$tThe Alternative Interpretations of the Hotelling Model.$g5.4.$tThe Logit and CES Models.$g5.5.$tComparison of Parameters: A Synthesis of the Alternative Approaches for the Logit and CES --$g6.$tOligopoly with Product Differentiation.$g6.2.$tModels of Product Differentiation.$g6.3.$tExistence of a Price Equilibrium.$g6.4.$tProperties of Short-Run and Long-Run Equilibria.$g6.5.$tMarket Equilibrium and Optimum Product Diversity --$g7.$tOligopoly and the Logit Model.$g7.2.$tThe Basic Logit Oligopoly Model.$g7.3.$tOptimum and Equilibrium Product Diversity: The Logit and the CES.$g7.4.$tThe Logit with an Outside Alternative.$g7.5.$tThe Logit and Quality Choice.$g7.6.$tA Logit Model with Search.$g7.7.$tMultiproduct Oligopoly: A Nested Logit Approach.
505 80$g7.8.$tNetwork Externalities with Differentiated Products --$g8.$tProduct Selection, Location Choice, and Spatial Pricing.$g8.2.$tLocational Competition.$g8.3.$tProduct Selection and Price Competition.$g8.4.$tSpatial Price Policies and Location --$g9.$tSpatial Competition and the Logit Model.$g9.2.$tProbabilistic Discrete Choice Approach and Spatial Competition.$g9.3.$tCompetition over Locations.$g9.4.$tLocation Choice under Mill Pricing.$g9.5.$tMarket Equilibrium and Optimum under Alternative Spatial Price Policies --$g10.$tFurther Directions.
520 1 $a"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.
520 8 $aThis 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."--BOOK JACKET.
520 8 $a"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."--BOOK JACKET.
520 8 $a"Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research.
520 8 $aThe first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), and the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well as topics for further research."--BOOK JACKET.
650  0$aConsumers' preferences$xMathematical models.
650  0$aProduct differentiation$xMathematical models.
653 0 $aConsumer behaviour$aEconometric models
700 1 $aDe Palma, André,$d1952-
700 1 $aThisse, Jacques-François.
852 00$bleh,bdis$hHF5415.32$i.A53 1992