Abstract In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss the possibility of product failures, the set of equilibria, their stability and some welfare properties depending on the degree of diversification. Additional information Journal WOS Impact Factor (2010): 0.759 (2nd quartile) WOS 5IF: NA SCOPUS SNIP (2010): 0.672 (3rd quartile) Article: No of citations (ISI) = 0 No of citations (Scopus) = 1 No of citations (Google scholar) = 2
Monopolistic Competition and New Products: A Conjectural Equilibrium Approach
RAMPA, GIORGIO;BOGLIACINO, FRANCESCO
2010-01-01
Abstract
Abstract In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss the possibility of product failures, the set of equilibria, their stability and some welfare properties depending on the degree of diversification. Additional information Journal WOS Impact Factor (2010): 0.759 (2nd quartile) WOS 5IF: NA SCOPUS SNIP (2010): 0.672 (3rd quartile) Article: No of citations (ISI) = 0 No of citations (Scopus) = 1 No of citations (Google scholar) = 2File in questo prodotto:
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