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We consider a firm that designs a new product and wishes to bring it to market, but does not have ownership or control over all of the resources required to make that happen. The firm must select and contract with one of several possible tier 1 suppliers for necessary inputs, who do the same...
Persistent link: https://www.econbiz.de/10009476922
We study a generalized Hotelling duopoly in which a consumer's net utility from a product depends on the location of product and consumer in product attribute space, a random utility term that captures idiosyncratic preferences, and the price of the product. Our model allows us to vary the...
Persistent link: https://www.econbiz.de/10009477560