Price competition and innovation in markets with brand loyalty

DOI10.1007/s00712-012-0296-2zbMath1266.91046OpenAlexW2046599181MaRDI QIDQ2375841

Robert C. Schmidt

Publication date: 25 June 2013

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00712-012-0296-2

zbMATH Keywords

switching costmarket sharemixed-strategy equilibriumconsumer lock-incustomer base

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Consumer behavior, demand theory (91B42)

Related Items (2)

Innovation or imitation? The effect of spillovers and competitive pressure on firms' R\&D strategy choice ⋮ Does add-on presence always lead to lower baseline prices? Theory and evidence

Cites Work

• Advertising, brand loyalty and pricing
• It takes two to tango: equilibria in a model of sales
• A Model of the Evolution of Duopoly: Does the Asymmetry between Firms Tend to Increase or Decrease?
• Multi-Period Competition with Switching Costs
• Equilibrium Distributions of Sales and Advertising Prices
• Competition when Consumers have Switching Costs: An Overview with Applications to Industrial Organization, Macroeconomics, and International Trade
• Convergence to symmetry in dynamic strategic models of R\&D: The undiscounted case

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