Detail Market Diffusion With Two-Sided Learning   Oleh:  Valimaki, Juuso ; Bergemann, Dirk Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 4 (1997), page 773-795. Topik: market; market diffusion; two - sided learning Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We analyze the diffusion of a new product of uncertain value in a duopolistic market. Both sides of the market, buyers and sellers, learn the true value of the new product from experiments with it. Buyers have heterogenous preferences over the products and sellers compete in prices. The pricing policies and market shares in the unique Markov - perfect equilibrium are obtained explicitly. The dynamics of the equilibrium market shares display excessibe sales of the new product relative to the social optimum in early stages and too - low sales later on. The diffusion path of a successful product is S - shaped. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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