Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/wiley/the-competitive-effects-of-a-new-product-introduction-a-case-study-P4qyra3RPH
References (11)
-
J. Hausman (1994)
Valuation of New Goods Under Perfect and Imperfect CompetitionNBER Working Paper Series
-
J. Hausman, Gregory Leonard, J. Zona (1994)
Competitive Analysis with Differentiated ProductsAnnals of economics and statistics
-
R. Deneckere, C. Davidson (1985)
Incentives to Form Coalitions with Bertrand CompetitionThe RAND Journal of Economics, 16
-
G. Werden, Luke Froeb (1994)
The Effects of Mergers in Differentiated Products Industries: Logit Demand and Merger PolicyJournal of Law Economics & Organization, 10
-
A. Deaton, J. Muellbauer (1980)
An Almost Ideal Demand SystemThe American Economic Review, 70
-
(1997)
`Simulating the E¡ects of Di¡erentiated Products Mergers: A Practical Alternative to Structural Merger Policy -
(1986)
`Demand Analysis', in Griliches -
J. Hausman, W. Taylor (1981)
Panel Data and Unobservable Individual EffectsJournal of Econometrics, 16
-
J. Hausman (1981)
Exact Consumer's Surplus and Deadweight LossThe American Economic Review, 71
-
W. Gorman, C. Blackorby, A. Shorrocks (1996)
Separability and aggregation -
(1997)
`Economic Analysis of Di¡erentiated Products Mergers Using Real World Data
- Publisher
- Wiley
- Copyright
- Blackwell Publishers Ltd 2002
- ISSN
- 0022-1821
- eISSN
- 1467-6451
- DOI
- 10.1111/1467-6451.00176
- Publisher site
- See Article on Publisher Site
Abstract
This paper analyzes the competitive effect of a new product introduction. We break the overall competitive effect into two parts: the effect on the prices of existing products due to increased competition, and the effect of having additional product variety. Using data from both before and after the introduction, we directly estimate the price effects and the additional variety effect. Then, using only the estimated post–introduction demand structure, along with an assumed model of competition, we estimate the price effects indirectly. By comparing the ‘indirect’ and ‘direct’ estimates, we assess the validity of alternative models of competition for the industry.
Journal
The Journal of Industrial Economics – Wiley
Published: Sep 1, 2002