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Exit with vertical product differentiation

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UNSPECIFIED (2005) Exit with vertical product differentiation. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 23 (3-4). pp. 227-247. doi:10.1016/j.ijindorg.2005.01.009

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Official URL: http://dx.doi.org/10.1016/j.ijindorg.2005.01.009

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Abstract

This paper presents a duopoly model of exit from a declining industry with vertical product differentiation. It extends previous 10 models on exit that have so far ignored demand effects. The model shows how the interplay between demand and technological factors determine the order of exit. Therefore, demand factors are relevant and should be taken into account. Thus, the firm with a longer tenure as a profitable monopolist does not necessarily outlast its rival. In addition, this paper argues that the low-quality firm may find it optimal to stay in the market despite making temporary losses to outlast its rival. © 2005 Elsevier B.V. All rights reserved.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
Journal or Publication Title: INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
Publisher: ELSEVIER SCIENCE BV
ISSN: 0167-7187
Official Date: April 2005
Dates:
DateEvent
April 2005UNSPECIFIED
Volume: 23
Number: 3-4
Number of Pages: 21
Page Range: pp. 227-247
DOI: 10.1016/j.ijindorg.2005.01.009
Publication Status: Published

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