Market share dynamics in a duopoly model with word-of-mouth communication

DOI10.1016/J.GEB.2013.11.010MaRDI QIDQ2437175zbMATHOpenAlexFDO

Authors Eugen Kováč, Robert C. Schmidt

Publication date 3 March 2014

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10419/79994

zbMATH Keywords

Markov perfect equilibriumprice competitiondynamic duopolyhomogeneous goodsconsumer lock-inmixed pricing

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Dynamic competition with consumer inertia
• Commitment and price competition in a dynamic differentiated-product duopoly
• Price Setting and Competition in a Simple Duopoly Model
• Dynamic price competition with network effects
• Dynamic price competition

Cites work

• A Model of the Evolution of Duopoly: Does the Asymmetry between Firms Tend to Increase or Decrease?
• A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles
• A foundation for Markov equilibria in sequential games with finite social memory
• A new product growth for model consumer durables
• Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
• Bounded rationality in industrial organization
• Competition when Consumers have Switching Costs: An Overview with Applications to Industrial Organization, Macroeconomics, and International Trade
• Dynamic price competition with network effects
• Equilibrium Price Dispersion
• Information acquisition and reputation dynamics
• It takes two to tango: equilibria in a model of sales
• Learning from Popularity
• Multi-Period Competition with Switching Costs
• Network externalities and long-run market shares
• On the Informational Role of Quantities: Durable Goods and Consumers' Word- of-Mouth Communication
• Re-examining the effects of switching costs
• Sluggish consumers: An evolutionary solution to the Bertrand paradox.
• Strategic Pricing, Consumer Search and the Number of Firms
• The Durability of Information, Market Efficiency and the Size of Firms
• The Existence of Equilibrium in Discontinuous Economic Games, I: Theory
• The Existence of Equilibrium in Discontinuous Economic Games, II: Applications
• The Learning Curve, Market Dominance, and Predatory Pricing
• The Market for Quacks
• The all-pay auction with complete information
• The dynamic instability of dispersed price equilibria
• Word-of-Mouth Communication and Social Learning
• Word-of-mouth learning.

Cited in

(5)

• Co-evolution of firms and consumers and the implications for market dominance
• A note on inertia in market share
• Market sharing dynamics between two service providers
• A model for market share forecasting in duopoly market
• Conformity-based behavior and the dynamics of price competition: a new rationale for fashion shifts

This page was built for publication: Market share dynamics in a duopoly model with word-of-mouth communication

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2437175)