| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16655 |
| DP16655 Selecting Valuation Distributions: Non-Price Decisions of Multi-Product Firms | |
| Armin Schmutzler; Stefanie Bossard | |
| 发表日期 | 2021-10-21 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper analyzes decisions of multi-product firms regarding product selection, innovation and advertising as choices of consumer valuation distributions. We show that a profit-maximizing monopolist chooses these distributions so as to maximize the dispersion of the valuation differences between goods across consumers. By contrast, she chooses the willingness-to-pay to be maximally or minimally dispersed, depending on the set of available distributions. In our benchmark model with uniform valuation differences, prices are increasing in valuation difference heterogeneity, but in more general settings this is not necessarily true. Moreover, the relation between willingness-to-pay heterogeneity and prices may well be non-monotone. Over wide parameter ranges, the firm's choice of valuation distribution does not maximize net consumer surplus. This problem is exacerbated when the firm has access to strategies that distort valuation heterogeneity or willingness-to-pay heterogeneity. |
| 主题 | Industrial Organization ; Organizational Economics |
| URL | https://cepr.org/publications/dp16655 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545594 |
| 推荐引用方式 GB/T 7714 | Armin Schmutzler,Stefanie Bossard. DP16655 Selecting Valuation Distributions: Non-Price Decisions of Multi-Product Firms. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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