Product differentiation under bounded rationality

B. Vermeulen; J.A. Poutré, La; A.G. Kok, de; A. Pyka

doi:10.1007/978-3-319-13359-1_53

Product differentiation under bounded rationality

B. Vermeulen, J.A. Poutré, La, A.G. Kok, de, A. Pyka

Onderzoeksoutput: Hoofdstuk in Boek/Rapport/Congresprocedure › Conferentiebijdrage › Academic › peer review

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We study product differentiation equilibria and dynamics on the Salop circle under bounded rationality. Due to bounded rationality, firms tend to agglomerate in pairs. Upon adding a second tier of component suppliers, downstream assemblers may escape pairwise horizontal agglomeration. Moreover, we find a persistent propensity to vertically agglomerate near suppliers as well as ubiquitous dynamic equilibria. Conclusively, to understand product differentiation equilibria and dynamics, products and their supply chains need to be disaggregated.

Originele taal-2	Engels
Titel	Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems
Redacteuren	H. Handa, H. Ishibuchi, Y.-S. Ong, K.-C. Tan
Plaats van productie	Berlin
Uitgeverij	Springer
Pagina's	695-709
Volume	1
DOI's	https://doi.org/10.1007/978-3-319-13359-1_53
Status	Gepubliceerd - 2015

Publicatie series

Naam	Proceedings in Adaptation, Learning and Optimization
Volume	1
ISSN van geprinte versie	2363-6084

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10.1007/978-3-319-13359-1_53

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Vermeulen, B., Poutré, La, J. A., Kok, de, A. G., & Pyka, A. (2015). Product differentiation under bounded rationality. In H. Handa, H. Ishibuchi, Y.-S. Ong, & K.-C. Tan (editors), Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems (Vol. 1, blz. 695-709). (Proceedings in Adaptation, Learning and Optimization; Vol. 1). Springer. https://doi.org/10.1007/978-3-319-13359-1_53

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title = "Product differentiation under bounded rationality",

abstract = "We study product differentiation equilibria and dynamics on the Salop circle under bounded rationality. Due to bounded rationality, firms tend to agglomerate in pairs. Upon adding a second tier of component suppliers, downstream assemblers may escape pairwise horizontal agglomeration. Moreover, we find a persistent propensity to vertically agglomerate near suppliers as well as ubiquitous dynamic equilibria. Conclusively, to understand product differentiation equilibria and dynamics, products and their supply chains need to be disaggregated.",

author = "B. Vermeulen and {Poutr{\'e}, La}, J.A. and {Kok, de}, A.G. and A. Pyka",

year = "2015",

doi = "10.1007/978-3-319-13359-1_53",

language = "English",

volume = "1",

series = "Proceedings in Adaptation, Learning and Optimization",

publisher = "Springer",

pages = "695--709",

editor = "H. Handa and H. Ishibuchi and Y.-S. Ong and K.-C. Tan",

booktitle = "Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems",

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Vermeulen, B, Poutré, La, JA, Kok, de, AG & Pyka, A 2015, Product differentiation under bounded rationality. in H Handa, H Ishibuchi, Y-S Ong & K-C Tan (uitgave), Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems. vol. 1, Proceedings in Adaptation, Learning and Optimization, vol. 1, Springer, Berlin, blz. 695-709. https://doi.org/10.1007/978-3-319-13359-1_53

Product differentiation under bounded rationality. / Vermeulen, B.; Poutré, La, J.A.; Kok, de, A.G. et al.
Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems. uitgave / H. Handa; H. Ishibuchi; Y.-S. Ong; K.-C. Tan. Vol. 1 Berlin: Springer, 2015. blz. 695-709 (Proceedings in Adaptation, Learning and Optimization; Vol. 1).

Onderzoeksoutput: Hoofdstuk in Boek/Rapport/Congresprocedure › Conferentiebijdrage › Academic › peer review

TY - GEN

T1 - Product differentiation under bounded rationality

AU - Vermeulen, B.

AU - Poutré, La, J.A.

AU - Kok, de, A.G.

AU - Pyka, A.

PY - 2015

Y1 - 2015

N2 - We study product differentiation equilibria and dynamics on the Salop circle under bounded rationality. Due to bounded rationality, firms tend to agglomerate in pairs. Upon adding a second tier of component suppliers, downstream assemblers may escape pairwise horizontal agglomeration. Moreover, we find a persistent propensity to vertically agglomerate near suppliers as well as ubiquitous dynamic equilibria. Conclusively, to understand product differentiation equilibria and dynamics, products and their supply chains need to be disaggregated.

AB - We study product differentiation equilibria and dynamics on the Salop circle under bounded rationality. Due to bounded rationality, firms tend to agglomerate in pairs. Upon adding a second tier of component suppliers, downstream assemblers may escape pairwise horizontal agglomeration. Moreover, we find a persistent propensity to vertically agglomerate near suppliers as well as ubiquitous dynamic equilibria. Conclusively, to understand product differentiation equilibria and dynamics, products and their supply chains need to be disaggregated.

U2 - 10.1007/978-3-319-13359-1_53

DO - 10.1007/978-3-319-13359-1_53

M3 - Conference contribution

VL - 1

T3 - Proceedings in Adaptation, Learning and Optimization

SP - 695

EP - 709

BT - Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems

A2 - Handa, H.

A2 - Ishibuchi, H.

A2 - Ong, Y.-S.

A2 - Tan, K.-C.

PB - Springer

CY - Berlin

ER -

Vermeulen B, Poutré, La JA, Kok, de AG, Pyka A. Product differentiation under bounded rationality. In Handa H, Ishibuchi H, Ong YS, Tan KC, redacteurs, Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems. Vol. 1. Berlin: Springer. 2015. blz. 695-709. (Proceedings in Adaptation, Learning and Optimization). doi: 10.1007/978-3-319-13359-1_53

Product differentiation under bounded rationality

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