The Economic Theory of Product Differentiation by John Beath

The Economic Theory of Product Differentiation by John Beath

There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.

Yannis S. Katsoulacos is a professor at the Athens University of Economics and Business, Dept. of Economic Science (1994-) and chairman of the Department (2011-) in Greece and has been University Vice-Rector (2007-2011) and Post-graduate Studies Director for Applied Economics and Finance (2000-). He received his Ph.D. and M.Sc. in economics from the London School of Economics. He specializes and has published widely in competition and regulation economics and policy, industrial organisation, environmental policy and the economics of technological change. He was a research fellow at the London Centre of Economic Policy Research (CEPR, 1992-2001) and has published over 85 articles (over 30 in international, including leading, refereed journals) and 9 books on industrial organisation, competition policy, the economics of technical change and the New Economy. Since 2006, he has organized the CRESSE Annual International Summer School and Conference in Competition and Regulation in Greece. Fr�d�ric Jenny is a Professor of Economics at ESSEC Business School in Paris, France. He has been chairman of the OECD Competition Committee since 1994, and co-director of the European Center for Law and Economics of ESSEC since 2008. He was previously non-executive director of the Office of Fair Trading in the United Kingdom (2007-2014), a judge on the French Supreme Court (Cour de cassation, Economic Commercial and Financial Chamber) from 2004 to 2012, vice-chair of the French Competition Authority (1993-2004) and president of the WTO Working Group on Trade and Competition (1997-2004). He holds a Ph.D. in economics from Harvard University (1975), a Doctorate in economics from the University of Paris (1977) and an MBA from ESSEC Business School (1966).

SKU	Unavailable
ISBN 13	9780521335522
ISBN 10	0521335523
Title	The Economic Theory of Product Differentiation
Author	John Beath
Condition	Unavailable
Binding Type	Paperback
Publisher	Cambridge University Press
Year published	1991-02-22
Number of pages	216
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.