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• W2182195004 abstract "We develop a successive oligopoly model in which multi-product upstream manufacturers sell their products to consumers through downstream retailers. The product variety offered by each manufacturer and the entry in the upstream market are both endogenous. We show that the equilibrium configuration of the upstream market depends crucially on the economies of scope in the process of new product creation. When the economies of scope are weak the number of manufacturers increases and each manufacturer produces a single product. Manufacturers produce multiple products only if the economies of scope are sufficiently strong. Furthermore, we examine how a number of other market characteristics, such as the market size, the product substitutability and the number of retailers affect product variety, entry, firms’ profits and welfare." @default.
• W2182195004 created "2016-06-24" @default.
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• W2182195004 date "2009-01-01" @default.
• W2182195004 modified "2023-09-23" @default.
• W2182195004 title "Equilibrium Product Variety and Market Structure in Successive Oligopolies" @default.
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