Discrete choice theory of product differentiation /

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Bibliographic Details
Author / Creator:Anderson, Simon P.
Imprint:Cambridge, Mass. : MIT Press, ©1992.
Description:1 online resource (xviii, 423 pages) : illustrations
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11108750
Hidden Bibliographic Details
Other authors / contributors:De Palma, Andre.
Thisse, Jacques Franc̜ois.
ISBN:9780262267120
0262267128
0585133123
9780585133126
026201128X
Notes:Includes bibliographical references (pages 401-416) and index.
English.
Print version record.
Summary:"Product differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior. It provides a valuable synthesis of existing, often highly technical work in both differentiated markets and discrete choice models and extends this work to establish a coherent theoretical underpinning for research in imperfect competition." "The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."
"Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research. The first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), and the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well as topics for further research."--Jacket.
Other form:Print version: Anderson, Simon P. Discrete choice theory of product differentiation. Cambridge, Mass. : MIT Press, ©1992 026201128X

MARC

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100 1 |a Anderson, Simon P. 
245 1 0 |a Discrete choice theory of product differentiation /  |c Simon P. Anderson, André de Palma, and Jacques-Francois Thisse. 
260 |a Cambridge, Mass. :  |b MIT Press,  |c ©1992. 
300 |a 1 online resource (xviii, 423 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
504 |a Includes bibliographical references (pages 401-416) and index. 
588 0 |a Print version record. 
546 |a English. 
505 2 |a Foreword / Daniel McFadden -- 1. Introduction -- 1.1. Product Differentiation and Discrete Choice Models -- 1.2. Some Basic Themes -- 1.3. Organization of the Book -- 2. Review of Discrete Choice Models. 2.2. Models with Discrete Responses. 2.3. Foundations of Discrete Choice Models. 2.4. Models with Stochastic Decision Rules. 2.5. Models with Stochastic Utility. 2.6. The Multinomial Logit. 2.7. Generalizations of the Multinomial Logit. 2.8. Stochastic Dependency among Alternatives -- 3. The Representative Consumer Approach. 3.2. Discrete Choice Models and the Demand for Differentiated Products. 3.3. Reinterpretation of Demand with a Continuum of Consumers. 3.4. A Representative Consumer Theorem for Discrete Choice Models. 3.5. The Multinomial Logit Representative Consumer. 3.6. The Logit Representative Consumer with Endogenous Total Consumption. 3.7. The CES Representative Consumer Model -- 4. The Address Approach. 4.2. Description of the Address Model. 4.3. An Address Theorem for Discrete Choice Models. 4.4. Some Applications. 4.5. The CES as an Address Model -- 5. A Synthesis of Alternative Preference Foundations of Product Differentiation. 5.2. A Three-Way Synthesis. 5.3. The Alternative Interpretations of the Hotelling Model. 5.4. The Logit and CES Models. 5.5. Comparison of Parameters: A Synthesis of the Alternative Approaches for the Logit and CES -- 6. Oligopoly with Product Differentiation. 6.2. Models of Product Differentiation. 6.3. Existence of a Price Equilibrium. 6.4. Properties of Short-Run and Long-Run Equilibria. 6.5. Market Equilibrium and Optimum Product Diversity -- 7. Oligopoly and the Logit Model. 7.2. The Basic Logit Oligopoly Model. 7.3. Optimum and Equilibrium Product Diversity: The Logit and the CES. 7.4. The Logit with an Outside Alternative. 7.5. The Logit and Quality Choice. 7.6. A Logit Model with Search. 7.7. Multiproduct Oligopoly: A Nested Logit Approach. 7.8. Network Externalities with Differentiated Products -- 8. Product Selection, Location Choice, and Spatial Pricing. 8.2. Locational Competition. 8.3. Product Selection and Price Competition. 8.4. Spatial Price Policies and Location -- 9. Spatial Competition and the Logit Model. 9.2. Probabilistic Discrete Choice Approach and Spatial Competition. 9.3. Competition over Locations. 9.4. Location Choice under Mill Pricing. 9.5. Market Equilibrium and Optimum under Alternative Spatial Price Policies -- 10. Further Directions. 
520 1 |a "Product differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior. It provides a valuable synthesis of existing, often highly technical work in both differentiated markets and discrete choice models and extends this work to establish a coherent theoretical underpinning for research in imperfect competition." "The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection." 
520 8 |a "Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research. The first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), and the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well as topics for further research."--Jacket. 
650 0 |a Consumers' preferences  |x Mathematical models. 
650 0 |a Product differentiation  |x Mathematical models. 
650 7 |a BUSINESS & ECONOMICS  |x Marketing  |x Research.  |2 bisacsh 
650 7 |a Consumers' preferences  |x Mathematical models.  |2 fast  |0 (OCoLC)fst00876445 
650 7 |a Product differentiation  |x Mathematical models.  |2 fast  |0 (OCoLC)fst01078210 
650 6 |a Consommateurs  |x Préférences  |x Modèles mathématiques. 
650 7 |a Modèles économiques.  |2 eclas 
650 7 |a Modèles mathématiques.  |2 eclas 
650 7 |a Choix de produits.  |2 eclas 
650 7 |a Produits.  |2 eclas 
650 7 |a Marchés.  |2 eclas 
650 7 |a Gestion industrielle.  |2 eclas 
650 1 7 |a Consumentengedrag.  |2 gtt 
650 1 7 |a Productdifferentiatie.  |2 gtt 
650 1 7 |a Wiskundige modellen.  |2 gtt 
650 7 |a Matemática aplicada (economia)  |2 larpcal 
650 7 |a Comportamento do consumidor (modelos econométricos)  |2 larpcal 
650 7 |a Konsumentenverhalten.  |0 (DE-601)091371848  |0 (DE-STW)10300-3  |2 stw 
650 7 |a Produktdesign.  |0 (DE-601)091384397  |0 (DE-STW)12805-5  |2 stw 
650 7 |a Theorie.  |0 (DE-601)091394902  |0 (DE-STW)19073-6  |2 stw 
655 0 |a Electronic books. 
655 4 |a Electronic books. 
700 1 |a De Palma, Andre. 
700 1 |a Thisse, Jacques Franc̜ois. 
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